Tasmanian Village On Sale For A$13M | WMA Property
A small scenic village on the island of Tasmania in Australia was recently put up for sale, drawing interest from local and international investors, including Singaporeans, reported Agence France-Presse (AFP). The 145ha Tarraleah village has attracted potential buyers from Australia, China, Hong Kong and Singapore since it was listed on the market late last week, said John Blacklow, one of the agents marketing the property. Realtors are targeting to sell the property for A$13 million (S$13.6 million). Located in the state's Central Highlands, the village was originally built in the 1920s and 1930s to house 2,000 hydroelectric workers. But the facility fell into disuse after the dams and power plants servicing southern Tasmania became automated. Subsequently, property developer Julian Homer purchased the entire village which had become dilapidated, and repaired the art-deco buildings before transforming it into a tourism-focused complex. "He's finally finished his programme of