Developer Sunland Group is Releasing Four New Apartment Projects on the Gold Coast in 2017

THE Gold Coast plays a huge part in Sunland Group’s $800 million southeast Queensland portfolio with four new apartment projects launching this year.

Pimpama, Labrador, Mermaid Waters, Palm Beach and Coolangatta are the latest Gold Coast suburbs in the developer’s sights.

Sunland Group managing director Sahba Abedian said planning was underway to launch up to four new apartment projects as well as extend on existing projects on the Gold Coast this year.

“Our Queensland portfolio has a strong focus on the southeast corner, with a particular emphasis on residential housing and apartments on the Gold Coast,” he said.

“Planning is underway for new residential apartment developments in Labrador, Mermaid Waters, Palm Beach and Coolangatta and new housing collections at The Heights, in Pimpama.

“The first of our new Gold Coast projects, Arbour Residences, will be launched in mid-2017 and will feature a collection of 113 private parkland terrace homes at The Heights, adjoining an expansive conservation corridor.”

The Pimpama project has an estimated end value of $48 million

In Labrador, Sunland Group has planned a high-rise tower at One Marine Pde.

Sunland Group has also planned twin apartment buildings for Palm Beach and Greenmount Residences project, in Coolangatta.

Following the recent sellout of the Magnoli Residences (Palm Beach) and The Lakes Residences (Mermaid Waters), Mr Abedian said the developer’s portfolio was designed specifically for owner-occupier’s.

“In the past few years we have seen the resurgence of the owner occupier market,” he said.

The Gold Coast projects are being officially launched at Pal Versace tonight.

The Group’s total portfolio includes more than 5,800 residences along Australia’s east coast with an estimated end value of $3.8 billion.

Sunland Group’s Gold Coast projects:

One Marine Parade, Labrador — $136m

Magnoli Apartments, Palm Beach — $144m

Greenmount Residences, Coolangatta — $285m

The Hills Residences, Everton Hills — $47.1m

Arbour Residences, Pimpama — $48m

The Terraces, Peregian Springs — $26.8m

The Lakes Apartments, Mermaid Waters — $143m

Source: Gold Coast Bulletin 6 April 2017

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