27 Aug Hope Island Afloat on $50 Million Sales Blitz
HOPE Island is becoming the Gold Coast’s development sales hotspot with local projects across the prestigious golf and marine-based community collectively chalking up close to $50 million in sales this year.
Major developers reaping the benefits of Hope Island’s resurgent popularity include leading Gold Coast company Sunland which has sold out its 40-townhome The Quays project for a total of more than $18 million.
Nearby, Australand’s Cova community has notched up 137 sales in 12 months, the best annual sales rate ever for the project since its launch. The community has secured 35 contracts to the tune of $14.1 million in 2015 so far.
Over 50s community developer Halcyon is embarking on its second project at Hope Island, Vision by Halcyon, where two releases have sold out ahead of construction completion, netting $17 million in sales since January.
Project marketing identity Greg Shipton, of McGrath Projects, said Hope Island was in the grips of a property market renaissance.
“There are a number of new residential projects that are achieving sales volumes that simply have not been seen for years,” he said.
“Hope Island is certainly back on the radar of developers and buyers and that is reflected in the uptake in sales.
“In some instances developers are fast-tracking construction timelines in order to keep up with sales momentum.”
Mr Shipton said the positive market sentiment had been lifted by news that a development application had been lodged for the long-awaited Hope Island Town Centre.
“It’s the missing piece of Hope Island,” he said.
“The town centre will be the area’s retail and commercial centrepiece and a community hub.
“The fact that it is finally coming to fruition is a great boost to confidence and adds to the overall momentum we’re witnessing at Hope Island.”
Buoyed by strong sales activity across the resort community, developer Richope is preparing to launch its $100 million Anchorage waterfront apartment complex which is already drawing strong interest ahead of its launch.
Mr Shipton, who is marketing Anchorage, said early sales inquiry at the 228-apartment project had laid a solid foundation for the developer.
“We’re fielding strong inquiry before the project has been brought to market and that just reaffirms the strength of the Hope Island market right now,” he said.
Meanwhile, Developer ASF Properties has just launched The Peninsula project, comprising the final collection of waterfront lots within Hope Island Resort.
Hong Kong-based Golden Horse Group has signalled plans for a 400-room hotel and 37 luxury homes after acquiring the major shareholding of Links Hope Island golf community last year.
Anchorage Apartments will comprise a mix of one-, two- and three-bedroom apartments, on a 1.69 hectare waterfront site in Sheehan Avenue.
The complex will offer resort-style amenities, jetties and a small retail precinct.
There will be easy deep water, bridge free access to the Coomera River and The Broadwater only 300 metres away.
Apartments are expected to be priced from the low $300,000s.