NEWS

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Buying Buchan

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John MacKenzie chats with Brett Olds, CRC Councillor for Division 9, about the headland at Buchan Point being put up for sale after sitting for 30 years.

Prices in the $20 million range are anticipated for the 6.73-hectare property near Palm Cove, currently owned by Singapore brothers and investors, Whye Chung Ho and Whye Tong Ho.

Local discussions about the future of the property are being had, with speculations as to whether it will remain a sanctuary or become a modern development.