Homes part of island package

10 November 2016

Malaysian developers Sime Darby and Brunsfield International are to launch a $650 million mixed-use precinct, Lake Serenity, in the final major stage of the Gold Coast’s Hope Island.

The joint venture has owned the 75ha parcel on the northern Gold Coast’s Broadwater for a decade, and plans to take the house and land sites to market through Colliers International.

Plans are in place for a 3800sq m retail precinct, 465 homes, and 10ha of parkland.

The joint venture is believed to have spent about $25m on site works in recent years, including dredging and widening its namesake Lake Serenity. Project manager Mark Mehr said there was diminishing supply of waterfront land at Hope Island.

 

“It’s the ideal time to introduce this project to the market given that pent-up demand, but also because it will deliver a mix of dwelling types to suit a wide range of lifestyles in an exceptionally beautiful setting,” he said.

Colliers International director of projects Tony Hymus said the development would be among the last waterfront sites available on Hope Island.

“Residential land opportunities at Hope Island are starting to dry up given that many of the long-term projects in the area are coming to their conclusion,” he said.

The Australian – Rosanne Barrett

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Homes part of island package

Malaysian developers Sime Darby and Brunsfield International are to launch a $650 million mixed-use precinct, Lake Serenity, in the final major stage of the…
Read More