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The Furry Creek Golf and Country Clubis being sold to a Chinese company, Fine Peace Holdings.

“They have considerable experience in the development of resort-oriented residential communities in China, golf course communities,” said Michael Geller, a property developer who is consulting with Fine Peace.

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“Their intention here is to significantly upgrade the golf course and clubhouse, and build a mix of housing along the waterfront. There’s up to 250 homes that could be built along the waterfront in a mix of townhouses and low-rise apartments.”

Geller said the purchase includes the golf course, clubhouse and waterfront property along Howe Sound. The purchase price has not been disclosed. Fine Peace is slated to take over the golf course Oct. 10.

Furry Creek is located on the Sea to Sky Highway between Horseshoe Bay and Squamish, about a 40 minute drive from downtown Vancouver.

It was initially developed by Tanac Canada, which planned to build the golf course, a marina and 1,000 residences. The golf course was opened in 1993 and 50 townhouses were built by United Properties on the waterfront. But the development fizzled, and the Burrard Group took over the golf course in 1999 and the waterfront land in 2002. (Parklane Homes purchased another part of the original Furry Creek site.)