$650m Serenity Cove launches to the market

SERENITY Cove, a $650 million masterplanned development, has been launched to the market – offering rare new parcels of waterfront land in the Gold Coast’s flourishing north.The development is being undertaken by SDSC, a joint-venture partnership between two of Malaysia’s largest developers, Sime Darby and Brunsfield International Group.Serenity Cove will ultimately comprise a mix of 450 apartments, townhomes and freestanding homes, as well as a mini-marina with a stunning 3800sqm retail and dining precinct fronting the centrepiece lake, known as Lake Serenity.The highly anticipated first release comprises a mix of 48 waterfront lots along Saltwater Creek and Lake Serenity, some with marina berths. The lots range from 630sqm to 1517sqm with prices starting at $529,000.The launch of the first stage has been timed to meet rising demand for land on the Gold Coast and follows $25 million in civil works on the site over the past year.“Serenity Cove is a unique offering at the northern end of the Gold Coast that will not be repeated,” said Colliers International national director of residential project marketing Tony Hymus.“Land supply on the Gold Coast is in short supply, particularly waterfront lots of this calibre. All Serenity Cove lots are fully completed and buyers will be able to effectively start building immediately.”Serenity Cove, which borders Oyster Cove and Hope Island Resort, is considered the final piece of the Hope Island masterplan and will bring to life a new marine hub featuring luxury homes and designer apartments with water views.It is the flagship Australian development for the joint venture partners who have owned the sight for the past eight years.“SDSC has timed the first release of land to coincide with a resurgence in the Gold Coast market, which has been exhibiting a strong and consistent performance for some time,” said Mr Hymus.“We’ve seen solid demand for land in the city’s northern corridor over the past couple of years, particularly in areas such as Coomera and Pimpama.“However, there has been nothing like Serenity Cove come to the market in a very long time, especially in such a central location.“Hope Island has finally come of age and the market is increasingly recognising the amenity of the area, including extensive waterways, luxury resorts and championship golf courses.“Proximity to Brisbane is also proving a bonus. We had one interstate buyer arrive at Brisbane Airport at 9.30am and was onsite at 10.15am.”Serenity Cove has been designed as a haven for boaties by offering full marine amenities and direct access to the Broadwater via Coombabah Creek. A newly completed $5 million lock offers direct ocean access from Lake Serenity.Project manager Mark Mehr said the launch of Serenity Cove has been supported by strong buyer interest for land and a rising scarcity of prime waterfront lots.“This is the last development of its kind at Hope Island, and we’re being inundated with enquires from people nationwide,” Mr Mehr said.“We are expecting a good response from buyers as we release the first stage of this waterfront community. It offers a range of designs to suit a variety of lifestyles.”More than a third of the Serenity Cove site, or about 27ha, is dedicated as a nature reserve while a further 10ha will become parkland. Just 19ha of Serenity Cove will be developed.“We will deliver a quality project through commitment, creativity, and a holistic approach to building that is significantly minimising our impact on the environment,” Mr Mehr said.When the first stage is nearing completion, development is expected to start on the commercial village and town homes.Colliers International has been engaged to market Serenity Cove.