Gold Coast developer Sunland Group posted a first-half profit of $8.4 million down from $67.8 million last December.
The dramatic drop due primarily to the end of Dubai’s property market bull run.
Sunland is still to on course to deliver its promised $15 million profit for the full year maintaining a new more conservative approach to business.
Sunland [...]

Gold Coast Bulletin – October 21st, 2008
SUNLAND Group has flaunted its financial strength yesterday emerging as the $28 million buyer of the residential and marina precinct at Royal Pines Resort.
It is the Q1 developer’s first Gold Coast property deal since last November and it has indicated further acquisitions are on the horizon.
The purchase comes as [...]