Massive public and private infrastructure projects totalling $4.3 billion are either planned, under way or have been completed within the year across Hope Island and the wider precinct, says property consultant Urbis.
Recent analysis shows the infrastructure outlay, combined with a dwindling number of available development sites, has separately supported a new wave of residential projects currently worth more than $1.3 billion.
…
Aniko Group’s head of project marketing Peter Malady said that the calibre and scale of the projects proposed or under way throughout the precinct were reshaping a new Hope Island.
“Aniko has identified Hope Island as one of the Gold Coast’s prime development hotspots and the numbers certainly back this up. What we’re seeing now is residential construction trying to keep pace with demand,” he said.
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Originally published by The Asean Developer
Article by The Asean Developer, October 1, 2019
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