A multi-million pound housing development is expected to start in Swansea next year.
Abergavenny developer Landas has bought a 2.2 acre site in the city's SA1 quarter with a view to developing 50 homes.
The firm has bought the land on the east side of the Prince of Wales Dock from the Welsh Government for the £10 million development which is likely to support 30 construction jobs.
A spokeswoman for the Welsh Government said the site attracted inquiries from more than 10 developers across the UK.
Mike Sibley, of Landas, said: "We are delighted to have secured this site at SA1 which demonstrates our confidence and commitment in the SA1 development."
Landas is currently in talks with planners over the size of the homes due to be developed at the site.
Business Minister Edwina Hart said the continued interest in SA1, a £400 million flagship development by the Welsh Government, is a sign of investor confidence.
She said: "This is particularly pleasing news in the current economic climate and sends out a very positive message to investors and developers and supports the construction sector which is slowly recovering from the recession.
"There are now more than 2,800 people working on SA1 which is set to increase as other developments come on stream."
Landas is the development arm of DT Civils and the latest residential scheme is its third investment in the SA1 quarter. The company is currently involved in developing a multistorey car park on the site and was responsible for restoring and renovating the Ice House which is now trading as an art gallery and wine bar offering live entertainment and food.
SA1 was originally designed as a £400 million flagship development by the Welsh Government to transform a disused dock land area into a dynamic and vibrant quarter linked to the city centre.
It is home to firms including Admiral Insurance, one of the biggest private employers in Swansea, a range of restaurants and a 132-room Premier Inn, the largest hotel in the city.
The latest residential plans from Landas will see homes built on land over looking the 40 acre Prince of Wales Dock next to another housing scheme from Hale Construction where a range of family town houses are currently under construction.
There are now more than 460 apartments on SA1 including more than 200 units developed by social housing organisations.
South Wales Evening Post - Wednesday, 9 November, 2011.
