Next Step for Gold Coast’s Games Village

The Queensland government has narrowed the pool of private developers to redevelop begin construction on the Commonwealth Games Village down to two contenders.

The Games will be held in the Gold Coast in 2018 and the village in the Gold Coast's Parklands is running according to schedule.

Residents of Surfers Paradise property can view the master plan at the start of next year, once the developer has been chosen.

The two developers currently under consideration are Australand Holdings Limited and Citta Property Group.

The preferred developer will be announced in early 2014 through Economic Development Queensland, said Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney.

Those living in real estate in Surfers Paradise will be able to benefit from the upgraded facilities long after the Commonwealth Games.

"Parklands will become a new master planned mixed-use community and home to new residents and businesses integrating with the 200 hectare Gold Coast Health and Knowledge Precinct which includes the Gold Coast University Hospital, Griffith University, and the new private hospital," said Mr Seeney in an October 30 statement.

The redevelopment will be one of the most significant projects ever undertaken on the Gold Coast, and will provide the region with economic benefits as it is constructed as well as more jobs in future.