Developer Seeks Buyers For Ultra-Luxury Homes On Hayman Island

By Tengku Noor Shamsiah Tengku Abdullah SINGAPORE, Nov 21 (Bernama) -- Real estate developer, Mulpha Australia Ltd, is seeking high net-worth individuals, especially from Singapore, Hong Kong and Shanghai, to purchase five units of its ultra-luxury residences on Australia’s premier island resort of Hayman. Each of the units has an estimated value of A$20 million. Mulpha Australia is a wholly-owned subsidiary of a Malaysian-based, Mulpha International Bhd. Mulpha Australia purchased Hayman in 2004. The Head of Hotel Investment for Mulpha Australia and managing director of Hayman, Lloyd Donaldson said the residences, represent the first private ownership opportunity ever offered at Hayman. One of the top resorts of the world, Hayman Island is located 33 kilometres east of Australia's North Queensland coast, nestled between the coast and the Great Barrier Reef in the country's fabled Whitsunday passage. Within Hayman, stylish elegance reflects the harmonious freshness of the tranquil surrounds. "I've got the development approval for 20 units of these homes. But at this stage, we are going to develop only eight homes. "I have already sold three, so I have five (units) available," he told Bernama in an interview. Donaldson said the homes are designed by internationally renowned Singaporean architect, Kerry Hill. "The houses are approximately 1,000 sq metres and the land at about 5,000 sq metres. The houses are also about 88 metres above sea level, having a sweeping view of the entire Great Barrier Reef. "The type of buyers we are looking for are, ultra high net-worth individuals, looking to purchase a legacy asset," he added. Donaldson said the homes, now under construction, will be ready by the middle of 2013. He also said that the buyers can make use of the facilities at its 210 suite resorts. Hayman Island is also a great attraction for the rich and famous as well as honeymooners. -- BERNAMA Malaysia