Hong Kong resort developer ????(??)???? pays $15 million for Noosa golf course

A Hong Kong resort developer has bought Noosa Springs Golf Resort, an 18-hole golf course and prestige residential development in Queensland, for $15 million.

Golden Horse ????(??)???? has acquired the golf course, club-house, associated businesses and 23 vacant residential lots in the 103 hectare community developed by the Starkey family since 1997.

They entered into contract to buy it from Noosa father and son Alan and Phil Starkey in mid-July.

At the time Phil Starkey said the buyers were seeking to expand its resort development internationally having already made investments in Singapore, Japan and Thailand.

Golden Horse also owns a 14 square kilometres resort development in Guangzhou which includes two 27-hole championship golf courses.

Starkey's StarCo Group first developed the community in 1997 and. He took it to market in October 2011.

Golf course architect Graham Papworth designed the 72-par golf course.

Noosa Springs also includes a day spa, a restaurant, a conferencing and function venue, a boutique fitness centre and resort accommodation.