SIGNATURE, a luxury waterfront apartment project, is to be developed at Lakelands Golf Club at Merrimac.
Fronting the only Jack Nicklaus-designed championship course in Australia, the project will consist of two apartment towers aimed at the residential market.
There will be two and three-bedroom options priced from $599,000, with sizes ranging from 122sqm to 193sqm.
A consortium consisting of the DY Group and Global Group will develop Signature which is set to include a limited number of marina berths with ocean access.
Barry Jakeman, the managing director of Global Management a division of the Global Group said the exclusive nature of residences at Signature was attracting strong buyer interest with a number of sales secured in the development.
Other golf course projects on the Gold Coast historically house much greater numbers.
``With 36 apartments in Signature One and only 31 in Signature Two there is certainly a limited amount of opportunity to live in what will be one of the finest golf course-based developments in Australia,'' said Mr Jakeman.
``This exclusivity, in combination with the strong price growth potential of golf and waterfront land, makes Signature highly attractive to both end use buyers and those who are looking for an investment opportunity.
``The number of apartments will create a boutique community feel unlike any golf course development on the Gold Coast.''
Signature will feature a lap pool, gymnasium, landscaped grounds, barbecue and al fresco entertaining areas along with full access to the Lakelands clubhouse, restaurant and other amenities.
The DY Group, headed by Min Hyuk Im, said the site was appealing to the joint venture partners as it combined a waterfront position with one of Queensland's finest golf clubs in a central location.
As one of South Korea's most prolific and respected development companies, the group has delivered a series innovative projects across several countries.
Signature is the group's flagship development and precedes an apartment project in Vietnam which is set to deliver 3000 residences.
Global Constructions will bring Signature to fruition and also involved in the project are Burling Brown Architects, a firm established for more than 35 years with experience in a number of Gold Coast projects including Bayview Harbour and Rivage Royale.
Structural engineering will be handled by Martin Cosgrove and Associates, a company that has worked on a number of the Gold Coast's most prestigious developments including the recently completed $32 million Ivory Burleigh Beach on the Esplanade at Burleigh.
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source: goldcoast.com
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