Resort construction to begin mid-year
SGX Mainboard-listed Thakral Corporation Ltd has received approval to develop an A$428 million over-50s lifestyle resort in Elimbah, Moreton Bay, Queensland.
Construction of the resort and the launch of stage one homes are expected to begin mid-year, Thakral said on 10 April.
The resort, being built by Thakral’s Australian associate GemLife, marks their third resort in Moreton Bay, slated to meet high demand from the growing population of over-50s downsizers in Queensland https://www.asx.com.au/.
Spanning 26 hectares, the resort will feature 404 homes, each with two bedrooms and a multipurpose room, built with a 7-star energy-efficient design. Residents will enjoy luxury facilities worth A$20 million, including an expansive two-level Country Club and a Summer House with a resort-style pool .
The resort is located near the scenic Glass House Mountains and D’Aguilar Ranges, with 8.2 hectares preserved as green space – including a conservation area bordering a natural reserve, enhancing the community’s connection to the outdoors https://www.conexpoconagg.com/ . Fiinews.com
