Sunland Group

Sunland’s share price has shot up 23% since 25 Apr 2012 (Speculative Buy – $0.72) , which is surprising considering wider concerns about the residential property markets in Queensland and Victoria, where Sunland principally operates (see Australand Boss Talk). The company, however, continues to make sensible and steady progress. It recently added another new site for future development and it plans to sell the Palazzo Versace Hotel on the Gold Coast.  The new 33ha site, suitable for 470 lots, is located 30kms west of Melbourne's CBD on the transport corridor between the city and Geelong. It appears attractively located and priced;...

Sunland’s share price has shot up 23% since 25 Apr 2012 (Speculative Buy – $0.72) , which is surprising considering wider concerns about the residential property markets in Queensland and Victoria, where Sunland principally operates (see Australand Boss Talk). The company, however, continues to make sensible and steady progress. It recently added another new site for future development and it plans to sell the Palazzo Versace Hotel on the Gold Coast. 

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