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The latest update is out from Thakral Corporation Ltd ( (SG:AWI) ).
Thakral Corporation Ltd’s associate, GemLife, has received approval to develop a new A$428 million lifestyle resort for over-50s in Elimbah, Moreton Bay, Queensland. This marks GemLife’s third resort in the area, designed to cater to the increasing demand from downsizing retirees. The resort will cover 26 hectares and include 404 homes with luxury facilities, emphasizing energy efficiency and outdoor connectivity, enhancing Thakral’s position in the lifestyle real estate market.
More about Thakral Corporation Ltd
Thakral Corporation Ltd, incorporated in Singapore, is a company listed on the SGX Mainboard. It is involved in various sectors, including real estate development, with a focus on lifestyle resorts for the over-50s demographic in Australia through its associate, GemLife.
YTD Price Performance: 13.64%
Average Trading Volume: 46,252
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$95.9M
See more insights into AWI stock on TipRanks’ Stock Analysis page.