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Kewarra Beach's Palms Development Faces Setback
Description
The Palms development in Kewarra Beach, Cairns, faces a significant setback as the water park and resort component is scrapped due to cost overruns, largely attributed to the war in the Middle East. The twenty-hectare site, once home to a golf course, now lies empty, leaving residents and buyers disappointed. Despite the loss, over one hundred thirty new housing lots and amenities like a playground and amphitheater have been completed. The developer remains open to new partnerships for the site and maintains that property values have doubled.
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