Keylin Group and Kinstone Developments team up to deliver the $650m Serenity community at Hope Island

A proposed $650 million masterplanned community is one step closer to fruition following the settlement of a property in what is believed to be the largest development site sale on the Gold Coast since 2015.

The Serenity Cove project at Hope Island on the Gold Coast.

THE development of a $650 million masterplanned community on the Gold Coast’s North Shore has taken another step forward with two developers teaming up to deliver the project.

Keylin Group has partnered with fellow Brisbane-based developer Kinstone Developments to complete the Serenity Cove project on a 65ha site on Hope Island.

They settled on the acquisition of the exclusive waterfront precinct from Malaysian multinationals Sime Darby and Brunsfield International Group for about $50 million in what is believed to be the largest development site sale on the Gold Coast since May 2015.

Serenity Cove development site at Hope Island sells for $50m to developer Keylin Group

Gold Coast business: 65ha of Hope Island’s Serenity Cove land put up for sale

Serenity, which is accessed via Helensvale Rd, sits along Saltwater Creek in one of the last remaining undeveloped waterfront parcels on the Gold Coast.

The project will be unveiled in coming months and is expected to be rebranded simply as Serenity.

The original master plan comprised a mix of 450 freestanding homes, apartments and townhomes, as well as a mini-marina with a 3800sq m retail and dining precinct fronting the centrepiece lake, known as Lake Serenity.

Land at Serenity Cove, Hope Island, has sold in a deal thought to be around $50 million.

Keylin Group director Louis Cheung said the joint venture was a major step forward in his company’s plans to revamp and improve on the original Serenity Cove vision.

“We’ve been working very closely with our partners Kinstone to present a staged delivery of this exciting project to the market,” he said.

“Serenity is poised to become a flagship development that will benefit from our combined expertise in project completion.”

Mr Cheung said Serenity is primed to capitalise on a shortage of prime waterfront land in the northern Gold Coast and its surrounds. It will be the last masterplanned development on the Gold Coast’s North Shore, following Sanctuary Cove and Hope Island Resort.

“This is the last premium masterplanned precinct available in one of the most sought-after lifestyle suburbs on the Coast,” he said.

“It offers a unique opportunity to create a world-class residential community that epitomises luxury waterfront living on the Coast.”

The project is adjacent to one of the Gold Coast’s most spectacular natural environments, the Coombabah Lakelands, and offers spectacular views to the world heritage Springbrook National Park.

More than 27ha of the Serenity Cove site will be dedicated as a nature reserve.

Originally published as Keylin Group and Kinstone Developments team up to deliver the $650m Serenity community at Hope Island