MASTER PLAN PROMISES VS WHAT WAS ACTUALLY DELIVERED
PROMISED
- 18 hole world championship golf course and club house
- 640 apartments
In summary, what started as a championship golf course built by Daikyo in the late 1980’s quickly turned into a real-estate speculators dream land as subsequent speculators bought the property, subdivided and quickly went broke.
Any resemblance of what was once a championship golf course has incrementally been gobbled up by houses and units.
ACTUAL
- In 1980s Daikyo built 640 apartments, 18 hole championship golf course and clubhouse
- Tom Hedley and H&S Vision bought the property off Daikyo and quickly reduced size of golf-course by subdividing into another 800 house blocks
- 2009 Tom Hedley went into receivership owing ANZ $50m on Paradise Palms
- 2013 H&S Vision went into receivership with $52m debt
- In 2015 Darren Halpin bought the remains of the golf-course, developable land and management rights for $20m. The value of all infrastructure was $120m
- In 2016 Darren Halpin proposes a further 800 units to be built
LATEST DESIGN (2016) FOR ANOTHER 800 UNITS AND IS BEING RE-NAMED ORCHID NORTH
Plans to “reconfigure” golf course into built environments…
KURANDA REGION LAND IS NOT SUITABLE FOR LAND SPECULATORS OR DEVELOPERS
We demand proper planning for our region in line with recognised ecological values