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Hope Island Owner buys Noosa Springs

Jan 16, 2014

 

Noosa Springs Golf & Spa Resort has been sold to a Chinese corporation in a great win for Sunshine Coast tourism and the local economy. The luxury golf resort and major Noosa tourist attraction was bought by Noosa Springs Investment Pty Limited, a related entity of Golden Horse Nine Dragon Lake Holdings Limited – a major Hong Kong based real estate and resort developer.

The Chinese corporation is chaired by Mr Feng Di, who with his son Feng Shan, was in Noosa for the handover. Feng Di spoke about his vision to raise the reputation of Noosa Springs internationally working in partnership with IMG Golf.

The multi-national corporation’s flagship development, the impressive Dragon Lake Resort in Guangzhou, China has two 27-hole championship golf courses, two five star luxury hotels, various recreational and commercial areas and multiple residential zones.

Mr Feng also disclosed plans to invite Dragon Lakes Resort’s 1000-plus members to enjoy golfing packages at Noosa Springs.

Mr Feng says Australia has a wonderful climate and the conditions for playing golf in Noosa are excellent year-round. “We will put all our effort into making Noosa Springs, and also Hope Island golf course,in perfect condition, to be the best golf course here, so our guests from China, and also local players, can have a very wonderful experience,” Mr Feng Di said.

In December 2013, Golden Horse Nine Dragon Lake Holdings Ltd also acquired a hotel development site and a majority shareholding of Links Hope Island Golf Club, Gold Coast. Together with Noosa Springs’, it’s Mr Feng’s first foothold in the high end Australian real estate market. Noosa Springs is the latest addition to Mr Feng’s luxury golf resorts portfolio, which include investments in China, Singapore, Japan and Thailand.

Noosa Springs Investment Pty Limited’s acquisition includes the 18-hole championship golf course, the magnificent clubhouse including world class spa and fitness facilities,tennis centre, resort accommodation business and 23 vacant land lots in the last residential subdivision at Noosa Springs called The Oasis.

Mr Feng Di says he plans to build very high quality housing on the Oasis allotments, a gated residential community which has superb golf course access and views.After 20 years steering the development of Noosa Springs and its master-planned communities, exiting owners and Noosa locals, the Starkey family bade a fond farewell to their award-winning creation.

Principal architect and managing director, Alan Starkey, spoke of his vision to create a unique lifestyle oriented development of excellence.Taking as its inspiration the best examples of US and Australian country clubs with integrated residences, Noosa Springs has won many state and national awards including the National Presidents Award from the Urban Design Institute of Australia and a Queensland Environmental Award for Excellence.

“We had the opportunity here to masterplan an integrated resort and residential estate,and had the privilege of steering its development over many years,” Alan Starkey said. Alan Starkey commended Mr Feng Di and his family for their reputation for very high quality real estate developments. Golden Horse Nine Dragon Lake Holdings Limited has been involved in major property development projects in cities throughout China including Guangzhou, Hong Kong, Shanghai and Beijing.

“I don’t think we could get anyone better to take over the reigns of Noosa Springs to carry on the Starkey family legacy than Mr Feng and his family,” Alan Starkey said. Noosa Springs’ general manager of 19 years, Mr Phil Starkey spoke of the synergies of both parties sharing backgrounds in luxury golf resort developments.

“We’re confident Mr Feng will take Noosa Springs to the next level,” Phil Starkey said. Star Co has retained two development sites located to the south of the clubhouse, which Alan Starkey says are suitable for a major luxury development in the future.