Off-the-plan buyers of 500 apartments in limbo as GCB Constructions sites lay idle

Off-the-plan buyers of almost 500 Gold Coast apartments are looking for answers as sites of four major tower developments remained idle.

Kathleen Skene Follow 2 min read May 10, 2023 - 7:00AM

Gold Coast Bulletin

Business

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Off-the-plan buyers of almost 500 Gold Coast apartments are looking for answers as sites of four major tower developments remained idle.

Sites of builder GCB Constructions have wound down since the weekend, with subbies claiming unpaid invoices and removing tools as concerns mount over company stability.

GCB’s four Gold Coast projects have combined costs of more than $500m, with almost 500 apartments under way, many already under contract to hopeful buyers.

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Note: Amalgamated Property Group has taken over construction of its Gold Coast site Amaya Broadbeach from GCB Construction.