To date, GemLife has committed about A$6 million ($5.6 million) to the resort which will comprise 96 homes upon completion. This brings the total number of residences under the company to more than 1,400.
SINGAPORE (Sept 30): Mainboard-listed Thakral Corporation has acquired another property in Queensland, Australia, as part of its development venture of resort-styled retirement housing for those aged 50 and above.
In a regulatory filing on Monday, Thakral says the latest acquisition, located on the Pacific Paradise on the Sunshine Coast, will expand GemLife’s rapidly growing portfolio to six resorts.
