Thakral’s GemLife to build Australia’s first vertical land lease community

The project is worth $384m.

Thakral’s Australian business, GemLife, will develop the country’s first vertical land lease community at Currumbin Waters on the Gold Coast.

The A$450m ($384m) development, designed for “high-quality over-50s living,” will be launched this year.

Spanning 13.85 hectares, it will feature six three-storey buildings and one four-storey building, offering 205 three-bedroom apartments.
Amenities will include a boutique cinema, bowling alley, indoor pool with spa, gym, lounge, and ballroom.

Meanwhile, 70% of the site will be preserved as green open space and rehabilitated.

“This vertical model will offer a variety of housing options across different price points, providing greater affordability and flexibility for homeowners while securing long-term recurring revenue growth, reinforcing GemLife’s ability to deliver sustained value for residents and stakeholders alike,” Ashmit Singh Thakral, alternate director of Thakral and CFO and director of GemLife said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia