$800mil in northern Gold Coast projects

Posted on 20/01/2010  
The North Shore precinct is leading the Gold Coast's development charge into 2010 with the launch in January of three residential projects with a combined value of $800 million. The developments include the Gold Coast debut of global engineering company Lotte Engineering and Construction with its $650 million Salacia Waters joint-venture development at the tip of Paradise Point. Work has started on the 400-home waterfront community which will be launched to the market soon. The Sunland Group returns to luxury housing development within Sanctuary Cove with the $120 million The Estate, which is also to be kicked off soon. And one of the city's longest serving development companies, Rayjon Group, has launched a $33 million apartment development, Island Grove, on the Hope Island-Paradise Point border. Island Grove will offer buyers a sub-$400,000 entry point into the Hope Island market. The three new projects join another major North Shore development, Fish Group's $2.5 billion Marina Quays community, which is taking shape at Hope Island over the next seven to 10 years.

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