ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

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There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Golf

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The golfing champion Craig Parry has listed his Abbotsford home with $10 million hopes.
It has been listed through <a href="https://blackdiamondz.com.au/listing/530_unique-deep-waterfront-luxury-estate-offers-a-private-resort-oasis20632437" target="_blank">Black Diamondz Concierge agent Tim Le</a>.
The home on the dress circle Abbotsford Parade sits in private 1,620 sqm gardens and has water views from every room.
It has four bedrooms and four bathrooms. The upper level bedrooms include a master with walk-in and ensuite spa. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/8/Parry2.jpg" alt="">
There's also a home office, theatre room, steam room, infrared sauna and games room with commercial grade wet par.
A permanent marina berth jetty, pontoon, slipway and boatshed span the 53 metres of Sydney Harbour frontage.
A swimming pool, outdoor spa, full size tennis court and of course a custom putting green sits in the grounds.
The $10 million guide on his Abbotsford property would top the suburb record set next door by Le at $9.5 million in 2017 when spiritual healers Mina and Yvon Attia, of the Celebrate Freedom ministry sold to 27-year-old Yangyang Tu, a director of the Northern Territory cattle farm Tutee Farms.
Parry intends to spend more time at his Newport home on Sydney's northern beaches.
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Golfer Craig Parry lists Abbotsford home with $10 million hopes, and own putting green

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Mulpha Australia has began due diligence on The Palms Golf Course at Sanctuary Cove ahead of a potential buy-back, having sold it in 2007.
Mulpha's investment in Sanctuary Cove is valued at more than $250 million. It has achieved in excess of $800 million in property sales
They began selling the homes in 2005.
The development giant have entered into a memorandum of understanding to complete the due diligence process ahead of a formal sales agreement with the Sanctuary Cove Golf &amp; Country Club.
Mulpha Australia Limited CEO Greg Shaw they are pleased with the proposed deal.
"We are delighted that Mulpha has entered into an agreement in principal with the Sanctuary Cove Golf &amp; Country Club to purchase the assets of The Palms Golf Course, The Sanctuary Cove Country Club and half of the maintenance facilities,” said Shaw.
Shaw, who has extensive executive management experience in the tourism, sport and leisure industry, said the assets required ongoing infrastructure investment.
“Mulpha Australia was approached by the Club and had started these discussions more than a year ago and it made perfect business sense, given Mulpha Australia’s long-term commitment to Sanctuary Cove, Australia’s premier integrated leisure and lifestyle community.”
Sanctuary Cove Golf and Country Club President Mick McDonald said the discussions have been ongoing for over a year.
“Over a year ago the Sanctuary Cove Golf and Country Club Holdings Ltd Board instigated discussions with the Company’s major shareholder Mulpha Australia, to investigate and establish a pathway to overcome significant challenges regarding the future.
“The Board are excited that this outcome, if accepted by shareholders at the upcoming Extraordinary General Meeting, will give the Club the required financial stability to allow the opportunity to significantly upgrade The Pines Golf Course, and return it to arguably one of the best private and exclusive golf facilities in the country,” Mr McDonald said.
The agreement is subject to due diligence and a vote in the coming weeks by Sanctuary Cove Golf &amp; Country Club shareholders.
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Mulpha Australia seeking to buy-back The Palms Golf Course at Sanctuary Cove

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The Burleigh Heads home of legendary former Australian Open golf champion Rodger Davis is under contract.
The sale has been nearly a decade in the making for Davis, who initially listed the <a href="https://www.propertyobserver.com.au/https://www.blacklabelproperty.com.au/16360425" target="_blank">Skyline Terrace home</a> in 2008, just two years after paying $2.25 million.
On and off the market since then, the home has eventually sold through Black Label Proeprty Broadbeach agent Andrew Ramsey who was asking offers over $2.1 million.
Upon its 2015 listing it was asking $1.99 million.
Set on 1,144 square metres with views to Surfers Paradise, the four bedroom Mediterranean-inspired home has a gourmet kitchen, wine cellar and pool.
Davis had a long career in professional golf and featured at The Masters, U.S Open and The British Open Championship, where he finished runner-up in 1987.
The former world top-10 golfer is still playing having taken out the Australian Senior PGA two years ago.
This article first appeared in The Weekend Australian.
 
 
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Golf champion Rodger Davis finally finds Burleigh Heads home buyer

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Melbourne CBD’s office space, usually populated by technology firms and educational operators, is about to get sporty.
Level 2 of 115 Lonsdale Street will soon be the new home of 24/7 Golf, which will offer a simulated golfing experience within the 130 sqm space at all hours. 
The five-year lease within the three-storey building was struck for $55,000 per annum plus GST by Fitzroys Sales &amp; Leasing executive Stephen Land.
He said the high ceilings and direct access from the street appealed to the new tenant. 
The space will be the golf simulator’s second venue, adding to its Glen Eira Road, Elsternwick site. 
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jonathanchancellor-7SQnKwU6yx

Simulated golf player moves into Melbourne CBD 

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The Eagle Ridge Golf Course, at 215 Browns Road, Boneo at the entrance to the Mornington Peninsula has been listed for sale.
The 45 hectare property is set about one hour from Melbourne. Two holes in one were scored just last month.
Eagle Ridge Golf Course began as the smaller Carlogie Golf Course until March 1988 when an additional parcel of land was purchased, earthworks commenced and a new Kevin Hartley designed championship course was opened in 1989.
Kevin Hartley was the Australian amateur golf champion of 1958 and runner up to Bruce Devlin in the 1959 Australian Amateur.
He captained the Victorian state team thirteen times, was the leading amateur at three Australian Opens and represented Australia many times, including winning the 1966 Eisenhower Cup team in Mexico.
Hartley based his design vision on Eagle Ridge becoming “the Royal Melbourne of the Mornington Peninsula”.
<div title="Page 1">The ownership of Eagle Ridge transferred to the Russo family in 1995 and, in 1999 Pacific Coast Design was commissioned to design a master plan for course improvements and the new clubhouse opened in 2000. The late Nick Russo was passionate about the business ensuring construction of the functions venue.</div>
Under the management of the golf course superintendent Scott Balloch, the course master plan was completed about 10 years ago.
In 2007 Eagle Ridge closed for a summer to change all fairways to Santa-Ana couch – a more drought tolerant grass with a 45% reduction in water consumption since re-opening.
<div><img src="https://pbs.twimg.com/media/CETLYqfW8AAYWS6.jpg" alt="Embedded image permalink" width="640" height="640"></div>
<a href="https://cbre.realcommercial.com.au/property-hotel+leisure-vic-boneo-501537999" target="_blank">CBRE</a> has the listing.
 
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jchancellor-FAypfDUnLy

Eagle Ridge Golf Course, Boneo listed for sale on Mornington Peninsula

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Golfing entrepreneur Greg Norman is set design two premium golf courses in the south-west of Sydney.
The golfing champion’s company will redesign an existing Peter Thomson-designed 18-hole course in a collaboration with property developer Sekisui House and club operator, Wests Campbelltown, for the redevelopment of Wests Campbelltown’s existing 18-hole Camden Lakeside Golf Course. 
The 1993 course is the only Sydney one designed by five times British Open Winner Peter Thomson and his design partners, Ross Perrett and Mike Wolveridge.
Norman will also build a new nine-hole course within Sekisui House's 280-hectare site, <a href="https://www.sekisuihouse.com.au/nsw/Communities/Our-Communities/The-Hermitage,-NSW" target="_blank">The Hermitage at Gledswood Hills</a>, which is about 12 kilometres from Campbelltown.
Located in one of Sydney's newest suburb, Gledswood Hills, The Hermitage is Sekisui House's first masterplanned community in Australia.
The Hermitage will offer up to 1,800 premium home sites. 
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Gledswood Hills is bounded by Camden Valley Way to the west, Raby Road to the north and Gregory Hills Drive to the south. The land featured the El Caballo Blanco property along with the heritage homestead, Gledswood.
</div>
</div>
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Since its launch in 2012, more than 600 properties have sold in the masterplanned community. 
Norman’s design company was responsible for the development of Stonecutter’s Ridge Golf Club near Blacktown. 
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Sekisui House snares Greg Norman golf course for south-west Sydney estate 

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Australian investors have a rare opportunity to own their own golf course. 
Two of Australia’s most prominent coastal golf courses - Moonah Links and The Sands Torquay in Victoria - have just hit the market either individually or as a combined package.
Moonah Links, known in international golfing circles as the “Home of Australian Golf”, is less than one and a half hour’s drive from Melbourne on the Mornington Peninsula, near Gunnamatta Beach. 
The estate features two 18-hole championship golf courses. Prominent golfer Peter Thomson designed Open course that hosted both the 2003 and 2005 Australian Opens.
The adjoining elite golf academy has world-class training facilities and accommodation villas. The property also benefits from a Peppers-managed hotel with 36 suites and 52 rooms and includes a club house with restaurant and conference facilities. The site also includes additional development land with attendant permits.
Opened in 2004, the Sands Torquay, located on the northern headland of Torquay, features the only Stuart Appleby-designed championship 18-hole golf course, as well as a large modern club house.
An 112-suite Peppers-managed hotel is also on the site and includes restaurant and conference facilities. The property also benefits from a separately operated Health Club business with a 25-metre indoor pool, two tennis courts and gymnasium facilities. Included in the sale is the Englobo development site of about 4,000 square metres.
CBRE's Scott Callow and Rob Cross are marketing the property on behalf of  the Handbury Group. 
“Handbury Group has been approached on numerous occasions by prospective purchasers for both the golf and hotel assets", said Callow.
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Two of the country's most prominent golf courses up for sale

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The receivership sale of Heritage Golf and Country Club in the Yarra Valley’s Chirnside Park, north-east of Melbourne, has secured $17.8 million, just over half its over-inflated $30 million book value.
The two golf course, 230 hectare property has been bought by HGC Properties, a company directed by Melbourne accountant Sam Cimino, with its only shareholder being, Fly Group Limited, an entity without any directorial paperwork which is understood to have origins in China.
Scott Callow and Mark Wizel of CBRE Hotels negotiated the sale on behalf of the receivers PKF Lawler in conjunction with Michael Hede of Knight Frank. 
"We are certainly in a different cycle of commercial property when golf courses are quickly selling," Mark Wizel told Property Observer.
"Banks have an increased preparedness to lend on non-core assets.
"There is Chinese buying appetite for leisure property, not just the residential projects that have been the dominant desire to date," Mark Wizel said.
The Jack Nicklaus-designed St John golf course ranks among the best golf courses in Australia. The property is located on the Yarra River near Chirnside Park and has two 18 hole golf courses (the St John Course, south side designed by Jack Nicklaus in 1996) along with the Henley Course, on its north side designed by Tony Cashmore in 2002.
The property included townhouse development land and residential lots (STCA). 
Heritage Golf &amp; Country Club has a strong established membership base with 1,394 members. It hosted the Victorian PGA Tournament in February this year. 
There were about 47,500 golf rounds by played annually.
<a href="https://cbre.realcommercial.com.au/property-land+development-vic-chirnside+park-501095227" target="_blank">Heritage Golf and Country Club</a> was under the control of the Melbourne businessman and property developer Guo Zhao “Sunny” Sun.
Mr Sun acquired the golf estate around 2011 at just short of $15 million. But he subsequently became embroiled in a Victorian Supreme Court dispute with business partner Wang Hua, China’s 790th richest person, over control of the country club, as reported by Fairfax Media.
A court ordered followed that Heritage Golf and Country Club Pty Ltd be wound-up with the creditors owed $13.8 million, according to a News Ltd report which suggested one creditor, the Alter family, through its Austpac Funds Management, unsuccessfully proposed a deed of company arrangement.
Sun had purchased the property from receivers to the Letten Schemes, a series of property investment funds established by Mark Letten that fell apart during the global financial crisis.
Wang Hua and Mr Sun founded residential development company Kingsland Group, which has built small-scale townhouse and apartment developments in Melbourne since around 2003.
Wang Hua, from the Jeshing Group, was <a href="/news/offshore-buyer-secures-16-st-georges-road-toorak-from-peter-devitt-in-circa-20-million-sale">the mystery buyer who spent $18.58 million last year</a> on the Toorak estate of the director of construction company L.U. Simon Peter Devitt through Kay &amp; Burton agent Ross Savas (pictured below), in the name of his wife, Xiao "Kylie" Yan Bao, who received an Australian visa in 2001. She had bought a mansion on Irving Road, Toorak for $3,399,000 in 2003.
<img src="/images/stories/flexicontent/l_toorak-sept-23-breakout.jpg" alt="Offshore buyer secures 16 St Georges Road, Toorak from Peter Devitt in circa $20 million sale">
Private homes overlooking the course have been sold over the years, with Fletchers currently having a three bedroom townhouse offering on Turnberry Lane (pictured below). <a href="https://www.1turnberrylanechirnsidepark.com" target="_blank">It had $1.3 million hopes</a>, after being passed in at $1.05 million at auction last month. Its vendor is not connected to the golf course ownership.
<img src="/images/2014/04/23/chirnside%20april%2023%20one.jpg" alt="">
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