..and it went all over the place today as well. From 45c down to...

..and it went all over the place today as well. From 45c down to 38c with a closing buyer at 40.5c and a closing seller at 46.5c...with only a week to go til the 2H07 ann, it might be a rocky ride. But if the Jan 24th sales ann was anything to go by, those that hang in there should hopefully get something to smile about.

For those that missed the Jan 24th ann , here tiz:
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ASX/MEDIA RELEASE 24 January 2008
CP1 PARADISE RESORT - NEW APARTMENTS SELLING FAST
Listed property group CP1’s joint venture re-development of the
Paradise Resort on the Gold Coast has recorded strong preconstruction
apartment sales with 80 per cent of the first tower sold
for more than $130 million.
Construction of the $800 million project is due to start in February with
Paradise Tower, the first of four accommodation towers, recording
extremely strong sales since launching in October 2007.
The master-planned re-development of the Paradise Resort is being
undertaken in a joint-venture between CP1 and Azzura Constructions
following the sale of a 49 per cent interest in the site to Azzura last
financial year. Azzura Constructions will be the prime contractor for
the development which is expected to create almost 600 new
employment opportunities.
Executive Director Phil Sullivan said the location and the timing could
not have been better for the development which when completed will
be called Azzura Pacific Resort.
“This is a prime site in the heart of one of the major growth catchment
areas of South East Queensland and the development is highly
desirable for residential and tourist accommodation.
“We are delighted the public have taken such an interest in the
development and grabbed the opportunity to be part of this exciting
new resort living concept,” Mr Sullivan said.
The 30 level Paradise Tower is expected to be sold out by February
and the first release of Tower 2 is planned for mid-March.
Gold Coast International Hotel - Upgrade Underway
GCI General Manager Mike Jones reports that the refurbishment of
the hotel is well underway with the hotel trading extremely well.
The 50-50 joint venture between CP1 and Raptis, through special
purpose vehicle CIRA International, has CP1 managing the GCI
Hotel.
Architectural company DBI which designed the GCI in the mid-1980s
has prepared a master plan for the land which has been lodged with
the Gold Coast City Council for DA approval.
Martha Cove – Summer sales
This summer has been a strong season for sales at Martha Cove, the recent
winner of the coveted Victoria UDIA Award for Excellence for a Masterplanned
Development.
Executive Director Phil Sullivan said retail sales are running at an average of
two a week.
“We’ve more sales in the pipeline including several ready to go to contract on
Brindabella Point,” Mr Sullivan said.
Martha Cove comprises 92 hectares of prime land and will contain 1,150
residential dwellings, 650 marina berths, a commercial and retail precinct,
tourist accommodation and a retirement village, when completed.
The first stage of the retail precinct has been approved by Council.
Martha Cove has also gained a valuable venue status in the region with
thousands attracted to the successful inaugural Martha Cove Fishing
Challenge and Peninsula Aquafest events.
Half year results
The Company’s half year results will be announced on 21 February 2008.