Past Projects

Pimpama Development Site

Photo of the Pimpama Development Site
Past Project Details
Owner JHC International Unit Trust (6 investors were involved)
Land Area 19 Acres or 76,010 m²
Location & Description Located in the golden corridor of Brisbane and Gold Coast. Just off free way in a quiet street. High up with great view. Devine Ltd’s development is right across the road.
Zoning Residential
GFL TBA
Proposed Use Mixed village, duplex, triplex, townhouses or units development ideal for first home buyers and investors.
Proposed Lots 69-190
Completion Value $60 million
Stage Preliminary approval in place for 69 large lots. Potentially 190 dwellings. Sold in one line during the worst financial crises in 2009 for 12% gross project return. All investors have achieved a great guaranteed return in one year! During the financial crisis, many development sites in the Coomera/Pimpama areas dropped by 40-50% in value. JHC Development managed to sell the property for a record price in the area with good capital gains through extensive marketing by way of 2 auctions. This was the only residential development site over 10 acres sold for more than $2 million to a private company in the previous 12 months within a 10km radius of the property which covers a big part of the Gold Coast. This period was an absolute nightmare for many developers and landowners.