$9m-plus land sale looks set to break Gold Coast record

  • A VACANT Paradise Waters site sold out from under developer Jim Raptis five years ago is under contract for more than $9 million, in a deal that will set a record for a Gold Coast waterfront house site.

A Chinese buyer, a first-time visitor to the Gold Coast, is purchasing the 3369sq m Paradise Waters site, subject to Foreign Investment Review Board approval.

READ MORE VIA GCB

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Tony Yan, the Mint Property principal who handled the sale, said the buyer was contemplating using the three-title site for one giant house. Photo: Steve Holland

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