A POPULAR caravan park on Queensland's Sunshine Coast has been withdrawn from sale.

Golden Beach Holiday Park

The Melbourne-based owner has decided not to sell the three-star Golden Beach Holiday Park at Caloundra, which attracts many southerners seeking the winter sunshine.

The 1110sq metre, 57-site park was on the market for $12 million and Caloundra City Council had approved plans for 278 apartments in three 12-storey blocks on the site.

But the park's increasing popularity has resulted in a change of heart over the sale and it has been taken off the market.

Owner Rodney Tartakover said that at the moment it was not a sellers' market and the park had become more profitable since he appointed new managers in January.

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