WANDA Group has moved to quash speculation it is preparing to offload its $900 million Jewel project at Surfers Paradise.
Wanda spokesman John Wei said there are no plans to sell the 1.13ha site on Old Burleigh Rd, where three towers with 512 apartments and a 169-suite hotel are under construction in a joint venture with Ridong.
“News reports that Wanda is fielding offers to sell the two real-estate projects in Australia (on the Gold Coast and Sydney) are completely false,” he said.
“Wanda has never had any negotiations with any party. The construction of the two projects is moving forward smoothly, and apartment sales remain strong.”
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