ASF Group submits plans for apartment tower in Gold Coast, near proposed casino

Australian-listed ASF Group, has submitted its plans for a 66-storey golden apartment tower, located just minutes away from its proposed casino resort at Main Beach at the Gold Coast, The Australian reports.

The Chinese backed company, which originally submitted a $6.5 billion proposal to develop a casino resort and cruise ship terminal on Wavebreak Island, last week lodged a development application with Gold Coast City Council to develop a 66-story high rise along with a 15-storey mid-rise building, to be named “The Au”.

The proposal, costing around $260 million is for 594 apartments, ground-level commercial space, a four-story commercial podium which will accommodate offices, a hotel, shops and a club.

“At this stage we just lodged the DA. We haven’t really formed any partnership for the project yet,” said ASF co-founder David Fang as quoted by The Australian.

The company formed a consortium with China State Construction Engineering Corporation and CCCC Guangzhou Dredging in its bid for the integrated resort and casino project on the Gold Coast. Fang said the company is still the sole proponent and the preferred bidder, and is “still working closely with the government to achieve a positive outcome.”