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Published On: Thu, Jan 12th, 2012

Coomera Chinatown

$300m Coomera project to lure Chinese

CHINESE tourists will be targeted by a $300 million project next to the Westfield shopping centre at Coomera.

To be built by Sabina Corporation, it will have several Asian restaurants and cafes and perhaps a hotel and health spa.

Sabina chairman Peter Chen said the project was well timed, given China was set to become the city’s largest international market as early as next year.
The listed Gold Coast company announced this week it had signed a conditional contract on a 7.3ha site, which is part of the Coomera Town Centre Precinct, with co-owners Qhuinnco and Trimglint for $19.63 million.

Completion of the contract is subject to the development plan receiving approval from the Gold Coast City Council, and Sabina Corporation has also flagged it will need to secure significant finance or investment to proceed.

Original article in the GoldCoast.com.au by Lucy Ardent

About the Author

- Glenn Batten is the Principal Licensee of First National Real Estate Upper Coomera which provides residential property sales and property management services throughout the Northern Growth Corridor suburbs of Upper Coomera, Coomera, Pimpama, Willow Vale, Ormeau and Oxenford.

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  1. Michael says:

    Hi, Sabina Corporation Limited announced on 29 February 2012 that they would not be going ahead with this project. See there media announcement on ASX.

    Cheers

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