A Singaporean vendor has listed a 1.13ha site on the Gold Coast, near the Pacific Fair shopping centre.
The Mermaid Beach site is being marketed with concept plans for a staged, mixed-use lifestyle precinct with 735 apartments across four towers.
Ho Bee acquired the Seaview Ave site for $22m in a series of deals in 2012.
Ho Bee bought the bulk of the holding from developer Mark Howard. The land area consists of 16 lots with three street frontages.
CBRE and Colliers are marketing it with property sources suggesting it could sell for $40 million plus.
Ho Bee developed the Rhapsody tower in Surfers Paradise.
Article Source: www.urban.com.au