According to The Australian Financial Review, Developer Yuhu Group has acquired a new piece of land adjoining its Jewel luxury mixed-use project on the Gold Coast for $12 million, with plans to expand the project.
The group, which owns and develops another premium Australian tower, One Circular Quay in Sydney, bought the 1264sq m site on Wharf Road late last year.
Yuhu chairman Jimmy Huang said the land would be used to "develop additional amenities to complement the Jewel project".
The company says Jewel is shaping up as a tourist destination for the Gold Coast and Australia and any additional amenities will attract even more tourists.
If you want to read this article in Japanese, please see the following link:
Subscribe to our English Newsletter