MRCB PREPARES FOR SECOND GOLD COAST PROJECT AFTER ACQUIRING SOUTHPORT SITE

Malaysian conglomerate MRCB has secured a second development site on the Gold Coast, with the company laying plans to deliver a new project centred around lifestyle and amenities on the back of the resounding sales of its $500 million 26 Vista project in Surfers Paradise.

MRCB International, a wholly owned subsidiary of leading publicly listed urban property and infrastructure developer Malaysian Resources Corporation Berhad (MRCB), has secured the site at 20 Queen Street in Southport, which was marketed by Ray White Commercial Gold Coast’s Brad Merkur.

The company is firming up plans for a new development that will cater to the demand for high quality apartments in the Gold Coast.

The 1,743sqm site, which is currently occupied by the Sundale Motel, is strategically located directly across from the Broadwater Parklands light rail station and is within easy walking distance from Broadwater, Australia Fair, local Woolworths supermarket, shops and restaurants.

Designed to meet the needs of an underrepresented market, MRCB’s Southport project will offer premium living in a highly sought-after location on the Gold Coast.

“The Southport development is aimed at capitalising on the prime location, close to Broadwater Parklands with breathtaking waterfront views and easy access to the light rail network,” said Kevin Zhang, Sales and Marketing Director at MRCB International.

MRCB expects to officially launch its new Southport project in early 2025.