Westpoint Homes has sold five properties "off plan" in a 12-home residential development it is building in the suburb of Newton Mearns, just three weeks after the marketing campaign began.
The company is developing the executive homes, priced between £300,000 and £700,000, and a group of 25 in Bearsden, with £10 million in funding from Close Brothers, the merchant bank.
The homes in Newton Mearns are being built at Barronsfield Grange, formerly known as Barrance Farm, while in Bearsden the site used to be Scotus College, a Catholic seminary.
The price range for the Bearsden homes, which include apartments in Chesters House, other flats and 18 houses, is £450,000 to £700,000.
Stephen Cullis, Westpoint chairman and majority shareholder, said the interest shown in both developments is evidence that the new-build market is picking up after years of stagnation.
Mr Cullis said: "I honestly think the market is starting to ease up a little bit and people have a bit more confidence about new house building. Prices, in my view, will only go one way, and that is up.
"Talking to estate agents in the area, I have heard about houses going to closing dates [for bids], which has been unheard of for a number of years.
"I just feel that people realise that the market is over the worst, and now is a good time for people to buy. Hence the reason we have sold the five we have in such a short period of time."
In spite of that confidence, Mr Cullis said that mainstream banks were still "not open for business" for new-build developments.
That led him to approach Close Brothers, which he said was attracted to the prime location offered by Bearsden and Newton Mearns.
He added that the two companies were now looking at further developments.
Mr Cullis said: "It is the old adage of location, location, location. If you buy the right piece of land, you are bound to sell if your designs are appropriate."
Close Brothers, a member of the FTSE-250, has recently backed the development of new residential sites in Glasgow, Edinburgh and Aberdeen.
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