More than $11.5 million of property at a Point Cook development has been sold in one weekend.

The CIRQ townhouse project, located near Dunnings Road, Murnong Street and Lawler Street, is the first medium-density housing project from Development Victoria and includes 104 homes.

Development Victoria, a state government authority responsible for urban renewal and development, released 23 CIRQ homes for sale on May 13.

The two- and three-bedroom homes, priced from $429,000 to $538,000, were available from 9am at the CIRQ display suite in Point Cook.

Twenty-two of the homes were sold on that day, with the final townhouse selling the next day. Total sales were more than $11.5 million.

Development Victoria’s development and construction general manager Peter Southwell said the response to the project had been “extremely strong”.

“We were confident that new, high-quality homes right next to the town centre would be popular, and to sell out stage one in 48 hours is a great result,” he said.

Paul Ciprian, a director of Oliver Hume, which is marketing the CIRQ project, said its proximity to the Point Cook town centre, education and community amenities had drawn families to the area.