Sanctuary Cove, Queensland
Sanctuary Cove is a gated community and town in the suburb of Hope Island in the City of Gold Coast, Queensland, Australia. It is completely self-contained residential environment with its own shopping centre and entertainment facilities, with the addition of many of the facilities of a holiday resort, such as boating marinas and golf courses. It was the second of such developments in Australia (after St Hubert's Island) and is notable for its impact in planning legislation in Queensland to allow it to proceed. Geography. Sanctuary Cove covers an area of 474 hectares south of  the Coomera River close to its mouth. To the east of Sanctuary Cove is Coomera Island. Sanctuary Cove provides a completely self-contained residential environment with its own shopping centre and entertainment facilities, with the addition of many of the facilities of a holiday resort, such as boating marinas and golf courses. Sanctuary Cove continues to grow as remaining land is developed. It was the second of such developments in Australia (after St Hubert's Island) and is notable for its impact in planning legislation in Queensland which had to be altered to allow it to proceed, due to the  privatisation of such large areas of urban land. History. The property was developed by Mike Gore and launched in 1986. In 1989 the resort was purchased by EIE International Corporation, a Japanese real estate investment company, with financial assistance from the Long Term Credit Bank of Japan. In 1992, following the downturn in the Japanese economy, EIE went into receivership, along with the Sanctuary Cove development company (Discovery Bay Developments Pty Ltd). The property was bought by Mulpha Australia Limited in 2002. On 9 April 2010 a new golf clubhouse was launched. Resort. InterContinental operates the luxury hotel at Sanctuary  Cove. The resort was previously called the Hyatt Regency Sanctuary Cove as was managed by Hyatt. In late 2012, management was taken over by Intercontinental. It contains 247 rooms. The marina contains 300 moorings for all vessels including superyachts up to 36 metres in length. Governance. Sanctuary Cove has a multi-tiered system of governance. Each Lot belongs to a Residential Body Corporate (RBC), of which there are 20. Lot owners elect an RBC Committee and Chairman. Events. It is home to the Sanctuary Cove International Boat Show which has been held annually since 1988.