Chinese owners say $900 million Gold Coast resort is NOT for sale

Dalian Wanda Group has slammed speculation that its flagship building on the Gold Coast is for sale and said the build will go ahead as planned.

China’s Dalian Wanda Group said the reports about fielding offers to sell their Gold Coast and Sydney based real-estate projects were “completely false”.

The company, owned by billionaire Chairman Wang Jianlin, emailed a statement which said they had never held discussions with any parties about the sale of its two Australian projects.


“It has come to the attention of Wanda Hotel Development Company Limited that there are media reports regarding certain proposed disposals of the Company’s projects in Sydney and the Gold Coast, Australia,” the statement reads.

They added the construction of the Gold Coast project is moving along smoothly.

“Having made such enquiry internally as is reasonable in the circumstances, the Company wishes to clarify that, as of the date of this announcement, the Company does not have any plan to make the said disposals referred to in the Media Reports, and thus such information is incorrect. Both projects are progressing as planned.”

The 1.13ha site on Old Burleigh Rd, will have three towers with 512 apartments.