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Past Projects
Pimpama Development Site
| Past Project Details |
| Owner |
JHC International Unit Trust (6 investors were involved) |
| Land Area |
19 Acres or 76,010 m² |
| Location & Description |
Located in the golden corridor of Brisbane and Gold Coast. Just off free way in a quiet street. High up with great view. Devine Ltd’s development is right across the road. |
| Zoning |
Residential |
| GFL |
TBA |
| Proposed Use |
Mixed village, duplex, triplex, townhouses or units development ideal for first home buyers and investors. |
| Proposed Lots |
69-190 |
| Completion Value |
$60 million |
| Stage |
Preliminary approval in place for 69 large lots. Potentially 190 dwellings. Sold in one line during the worst financial crises in 2009 for 12% gross project return. All investors have achieved a great guaranteed return in one year! During the financial crisis, many development sites in the Coomera/Pimpama areas dropped by 40-50% in value. JHC Development managed to sell the property for a record price in the area with good capital gains through extensive marketing by way of 2 auctions. This was the only residential development site over 10 acres sold for more than $2 million to a private company in the previous 12 months within a 10km radius of the property which covers a big part of the Gold Coast. This period was an absolute nightmare for many developers and landowners. |
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