Chapleton, located ten miles south of Aberdeen, has already seen over 70% of properties in the first release sold or reserved.
EDC has sold land to the three existing house-builders, AJC Homes, Stephen and ZeroC, to allow commencement of the second phase.
Planning permission has been approved for 4,045 properties plus commercial and retail premises.
The town will eventually comprise of 8,000 homes.
Lord Southesk, Director of EDC, said: "Properties at Chapelton have been in great demand from the outset and just one year on since the house-builders started on site we are extremely pleased to be working with them again as we plan for the second phase.
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"The planning of the second phase is another major milestone as we rapidly move towards the construction of the new community. More than 25 homes in Chapelton are now occupied and with the first commercial properties set to open in the coming months."
"The residents will soon be able to enjoy a café, nursery school and dental practice. They will also benefit from the Park and Choose facility served by a community bus service to the main A90 stop to Aberdeen. This will open later on in the year, providing a sustainable alternative to using the car.
"Ultimately, the development of seven neighbourhoods will create schools, healthcare facilities, parks and community buildings."
Dominic Fairlie, Director of ZeroC, added: "We are thrilled with the response to both the Chapelton development and our show-home and are now moving towards the second release of properties in phase one which includes two, three and four-bedroom homes and apartments."
(LM)
