Keylin Group close to settling sales of 36 villas as part of Hope Island’s Park Cove estate

Just seven villas in Keylin Group’s Eastern Villas development in Park Cove have yet to settle with $17.7M in sales finalised so far.

BRISBANE-based Keylin Group – the new owner of land at Serenity Cove – is closing on settling the sale of all 36 villas in its Eastern Villas development.

Buyers have settled on twenty-nine of the villas, priced between $532,000 and $875,000, for a combined $17.7 million with seven sales due to be completed in the next two weeks.

The final settlements will take total sales figure to $22 million for Keylin.

Construction finished for Eastern Villas, located within the Park Cove precinct, earlier this year.

The latest settlements cap off a lucrative run for Keylin, which has reached almost $100 million in sales since first entering the northern Gold Coast market three years ago.

Renders of Park Cove Eastern Villas in Hope Island.

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Keylin Group director Louis Cheung said the Eastern Villas project adds to the strong foothold his company has in Hope Island – an area which, due to its waterfront positioning and world-class recreational offerings, in proving increasingly popular.

Gold Coast and interstate downsizers have made up the majority of buyers.

“The countdown to completion for the highly anticipated Park Cove community, which has witnessed outstanding interest since its recent launch, has well and truly begun,” said Mr Cheung.

“We look forward to welcoming residents within this exclusive community and allowing them to enjoy everything it has to offer,” he said.

Renders of Park Cove Eastern Villas in Hope Island.

Three and four-bedroom residences within Eastern Villas sold from $532,000 to $602,000.

Six waterfront villas sold from $835,000 to $875,000.

Park Cove is comprised of 16 waterfront homes, 31 terraces, and 44 villas.

Keylin last year bought the 65ha undeveloped balance of the lakefront Serenity Cove estate for $50 million.

The Serenity land could provide 100 lots and 250 townhouses and villas.