Developing in major cities comes with a broader responsibility - one that extends beyond delivery metrics to long-term civic contribution.
As CEO Matthew Khoo outlines, the role of a developer today is not only to deliver projects efficiently, but to shape how cities function, evolve and endure over time.
Across ICD Property’s portfolio, from Market Square in Adelaide to Aspire Melbourne and Sydney House, this approach is reflected in a consistent focus on design-led outcomes, early collaboration, and integration with the surrounding urban fabric.
It is a model grounded in stewardship: considering how buildings engage with streets, support economic activity, and contribute to more inclusive and resilient city environments.
#ICDProperty
A new retail precinct is taking shape at Market Square.
Designed as part of a connected, mixed-use environment, the focus is on street-level activation, local engagement and long-term relevance.
More to come.
Developer: ICD Property
Contractor: @multiplexconstruction_au
Capital Partner: Mericks Capital
Architects: @woodsbagot
Project manager: @sinclairbrookgroup
In collaboration with: @cityofadelaide@marketsquare.adelaide
#ICDProperty #CMAR #Adelaide #CityOfAdelaide #MarketSquare #AdelaideProperty #CivicArchitecture #CivicDesign
Matthew Khoo, CEO at ICD Property, recently spoke with @thefifthestateau on the role of modular construction in shaping a more sustainable and efficient development model.
In the article, Khoo outlines how ICD’s partnership with CIMC Modular Building Systems is supporting a shift in how large-scale projects are delivered - with a focus on reducing construction waste, improving quality control, and accelerating timelines without compromising design intent.
This approach reflects a broader industry transition toward more considered, resource-efficient construction methods, particularly in high-density urban environments.
As projects grow in scale and complexity, integrating modular systems at the design stage presents a clear opportunity to improve both environmental outcomes and delivery certainty.
Read the full article at thefifthestate.com.au/people/matthew-khoo-on-icd-property-cimc-modular-and-sustainability/
Sydney House is defined as much by its location as its design.
Positioned within Sydney’s CBD, the project places residents at the intersection of commerce, culture and connectivity - with immediate access to transport, retail and the city’s established dining precincts. This centrality supports a lifestyle shaped by proximity and walkability, where daily needs, work and leisure are integrated into a single, highly connected urban experience.
Framed by a heritage setting, Sydney House offers a more considered approach to city living - one that balances the energy of the CBD with a sense of permanence and place.
Development Partner: First Sponsor
Head Contractor: @richardcrookesconstruction
Architects: @fjcstudio / @bvnarchitecture
Project Manager: @deloitte
#ICDProperty #SydneyHouse #ICDProperty #CityLiving #SydneyCBD #HeritageMeetsModern
Strong partnerships are fundamental to delivering complex urban projects.
At ICD Property, this means aligning with partners who share a long-term view, and an understanding of the broader role development plays within the city. Transparency is also essential. As projects evolve, so too do their constraints and opportunities - and it is through open, collaborative relationships that this complexity can be managed, enabling outcomes that extend beyond any single stakeholder.
Across ICD’s portfolio, this approach supports disciplined delivery while strengthening the civic contribution of each project.
#ICDProperty
At Market Square Residences, interior design extends the project’s architectural intent - grounded in materiality and long-term liveability.
Delivered in collaboration with Woods Bagot and SJB, the residences feature a restrained palette of natural materials and refined detailing, creating spaces that feel both contemporary and enduring. Drawing on the surrounding Market precinct, warm tones and tactile finishes bring a sense of continuity between the public realm and private interiors.
Generous layouts and integrated joinery reinforce a calm, considered living environment aligned with the project’s broader civic vision.
Developer: ICD Property
Contractor: @multiplexconstruction_au
Capital Partner: Mericks Capital
Architects: @woodsbagot
Project manager: @sinclairbrookgroup
In collaboration with: @cityofadelaide@marketsquare.adelaide
#ICDProperty #CMAR #Adelaide #CityOfAdelaide #MarketSquare #AdelaideProperty #CivicArchitecture #CivicDesign
Aspire Melbourne is now selling. Located in Melbourne’s CBD, the project combines design-led architecture with a strong focus on liveability.
Delivered with Elenberg Fraser, the interiors feature a refined material palette, natural light and functional layouts designed for long-term comfort. Amenity extends the home, with shared spaces supporting wellness, work and social connection - reflecting contemporary apartment living.
Set within a highly connected location, Aspire places residents close to Melbourne’s retail, dining and cultural networks.
Visit icdproperty.com.au to learn more about available apartments.
Developer: ICD Property
Contactor: @hickorygroup
Architects: @elenberg_fraser
#AspireMelbourne #ICDProperty #UrbanExcellence #LuxuryProperty #MelbourneProperty
At Sydney House, interiors are shaped by a dialogue between heritage and contemporary living.
Realised through a design partnership between @fjcstudio and @bvnarchitecture , the project reflects a coordinated approach to design, delivery and adaptation. Materiality, proportion and detailing draw from the building’s historic context, translated into a refined residential experience. Layered textures and restrained finishes create spaces that feel both grounded and enduring.
Sydney House demonstrates how interior design can interpret heritage - supporting modern living while retaining a strong sense of place.
Development Partner: First Sponsor
Head Contractor: @richardcrookesconstruction
Architects: @fjcstudio / @bvnarchitecture
Project Manager: @deloitte
#ICDProperty #SydneyHouse #ICDProperty #CityLiving #SydneyCBD #HeritageMeetsModern
Design-led development requires discipline - not just in vision, but in decision-making.
At ICD Property, this means engaging architects and consultants early, allowing design thinking to shape outcomes from the outset rather than respond to constraints later. It also means holding that intent through delivery - resisting short-term compromises in favour of long-term value.
Across ICD’s portfolio, this approach underpins how projects are conceived, delivered and integrated into their surroundings - ensuring they function well, endure over time, and contribute meaningfully to the life of the city.
#ICDProperty
Market Square demonstrates how contemporary architecture can work in dialogue with heritage.
Set within Adelaide’s historic core, the precinct has been designed to respect existing scale, materiality and street rhythm, while introducing a more open and activated urban environment. The approach treats heritage as a foundation for future use.
Delivered in collaboration with leading design partners, the project integrates architecture, public realm and commercial space to reinforce the civic role of the Adelaide Central Market precinct. This approach has been recognised through industry awards including the UDIA SA Award for Excellence (Mixed Use Development) and the Property Council of Australia Award for Best Mixed Use Development.
Market Square sets a clear benchmark for reimagining heritage-rich sites - balancing preservation with progress.
Developer: ICD Property
Contractor: @multiplexconstruction_au
Capital Partner: Mericks Capital
Architects: @woodsbagot
Project manager: @sinclairbrookgroup
In collaboration with: @cityofadelaide@marketsquare.adelaide
#ICDProperty #CMAR #Adelaide #CityOfAdelaide #MarketSquare #AdelaideProperty #CivicArchitecture #CivicDesign
Stewardship sits at the centre of how ICD Property approaches development.
The role of a developer extends beyond delivery, to shaping places that contribute to the long-term fabric of our cities. Over the past decade, ICD has delivered complex residential and mixed-use projects across Australia and New Zealand, working closely with government, partners and design teams in complex urban environments.
Today, that focus has broadened - aligning commercial outcomes with civic value, and ensuring each project contributes to a wider urban narrative. This approach continues to shape ICD’s design-led model, grounded in collaboration, architectural integrity and long-term city-making.
#ICDProperty
Sydney House brings together a design collaboration grounded in heritage and contemporary city-making.
Designed by BVN Architecture, with the heritage podium led by fjcstudio, the project integrates a new 50-storey tower above the restored City Tattersalls Club - balancing adaptive reuse with a modern architectural expression. The design is driven by material continuity and proportion, with the tower’s façade referencing the rhythm of the retained heritage structure - allowing old and new to coexist within a unified architectural language.
Sydney House received Silver in Residential Architecture – High-rise Living at the International Design Awards, recognising its approach to heritage integration and vertical living.
Delivered by ICD Property in partnership with First Sponsor, the project reflects a commitment to design-led development shaped by context and long-term urban contribution.
Development Partner: First Sponsor
Head Contractor: @richardcrookesconstruction
Architects: @fjcstudio / @bvnarchitecture
Project Manager: @deloitte
#ICDProperty #SydneyHouse #ICDProperty #CityLiving #SydneyCBD #HeritageMeetsModern
