HB QLD has purchased an 8.98ha site in Queensland’s Sunshine Coast for A$9 million. The site is in the final two stages of the award-winning Parklakes 2 development. The site has received all the required development permits and will yield 95 residential lots.
Parklakes 2 is an established community with amenities such as a private school, extensive wetlands, walking trails and convenience retail. It is located 9.7 km from the Sunshine Coast Airport.
In a statement on Monday, Ho Bee Land says the projects are in its “ordinary course of business”.
Ho Bee Land’s shares closed 1 cent higher, or 0.5% up, at $2.15.
