THE company of billionaire developer Lang Walker, the Walker Corporation, has bought waterfront land near Coffs Harbour in NSW for a $100 million-plus housing development.
The 60ha North Sapphire Beach development, 8km north of Coffs Harbour, was previously owned by the local Cougle family, which is working with Walker to finish the remaining four stages.
“North Sapphire Beach is one of the last waterfront development sites on the mid-north coast and Walker was attracted to the unique nature of the site, its expansive beaches and great opportunity for buyers to build their dream home just metres from the beach,” said Mr Walker, who is executive chairman of Walker Corporation.
The company would not disclose how much it paid for the project but the end value of the development is expected to exceed $100m. Prices for lots at the development start at about $220,000 and half of the estate is already sold, the company said.
Walker is selling lots and also house and land packages, with local builders, including Adenbrook and Perry Homes.