"There is no pressure to sell the projects at all, especially since pre-sales have been happening at the projects for the last few months," Mr Fayad said.

"We will stay to construct the projects ... and we like the Chinese, we have been very lucky with the Chinese."

Dyldam has previously partnered with Chinese private equity Beijing Capital on projects.

Colliers International's head of investment services Matthew Meynell, who is marketing the portfolio, says it can be purchased in one line or as piecemeal parcels.

The sites have been picked for their proximity to transport hubs, whether the Sydney light rail or the Metro fast-train, and will cater to providing affordable housing at prices around the $9500 a square metre mark. Sydney non-luxury homes have reached $15,000 to $20,000 in some areas.

"The sites are in key locations designed around the NSW government's investments in infrastructure, they sit across Sydney's growth precincts and are steered towards the owner occupier and first home buyer markets," Mr Meynell said.

"This is part of Dyldam's strategy in future proofing its business."

Buyers will take a 75 per cent stake with Dyldam as a construction partner.


Offshore groups have expressed interest, as have Meriton, the country's largest apartment builder, it is understood.

The housing market in Sydney has been slowing, both in buyer demand and commencement of developments. Demand has declined mainly due to the Australian Prudential Regulation Authority's clampdown on bank lending to investors, while banks have reduced commercial loans to developers to minimise their exposure to housing projects leading to developers either abandoning projects or seeking private lending.

But the appetite for landbanking, particularly prime sites like Dyldam's, is still strong because the Sydney housing market fundamentals, especially population growth, are still strong, Mr Meynell said.

"The market might have lost some confidence but that is a short window. People will see when buyers exceed supply later, there will be a need to deliver more stock," he said.