Tourism - Hope Island, QLD
Sanctuary Cove is a gated community, in the suburb of Hope Island in the Gold Coast area of Queensland, Australia.
The $2 billion Sanctuary Cove is Australia's leading and most successful masterplanned community.
Established in 1986, Sanctuary Cove was the first development of its kind in Australia, offering a unique resort lifestyle, with facilities such as two championship golf courses, a marina, a retail precinct with boutique shops and restaurants, a five-star InterContinental Sanctuary Cove Resort, 24-hour active land and water security, and an unrivalled level of infrastructure.
In 2002, the iconic Sanctuary Cove resort was acquired by Mulpha Australia Limited, a wholly-owned subsidiary of Mulpha International Bhd, a diversified conglomerate and a component stock of the Bursa Malaysia Composite Index.
Since the acquisition, Mulpha has invested around A$250 million in infrastructure and built product to bring the Foundation Masterplan to life, which has cemented Sanctuary Cove's positions as Australia's premier integrated leisure and lifestyle community.
Sanctuary Cove is now home to more than 3000 residents; a figure which has almost doubled since Mulpha's inception in 2002. The release of Mulpha's diverse new development stock has broadened the buyer demographic, with a growing number of younger families and professional couples now calling Sanctuary Cove home.
Mulpha's ongoing commitment has resulted in more than $800 million in property sales, making it one of the most successful masterplanned communities in Australia.