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Queensland Premier Campbell Newman has revealed details of the Commonwealth Games Village development project - one of the key infrastructure projects for the Gold Coast 2018 Commonwealth Games.

Premier Newman said the project at Parklands was one of the largest urban renewal projects ever undertaken on the Gold Coast, stating "the Commonwealth Games Village will provide essential services and accommodation for 6,500 athletes and officials in Games-mode and will be one of the Games' most significant legacy projects."

Builders Grocon have been appointed as the preferred developer of the 29-hectare Games Village site and will erect 30 buildings and a retail centre on seven hectares of the Parklands site.

Another seven hectares will be set aside for parks and open space.

Queensland Minister for Tourism, Small Business, Events and the Commonwealth Games, Jann Stuckey said the Commonwealth Games Village will be an important hub during and long after the Games.

Minister Stuckey stated "central to the design is a village heart which captures the essence of the Commonwealth Games.

"It will create a great civic space that will no doubt become a focal point as the Gold Coast is propelled onto the international stage.

"After the Games, Parklands will provide significant infrastructure as it becomes home to people and new businesses as part of a modern, mixed-used community which will include residential and a new business hub for health and knowledge, commercial and retail development."

After the Games, the site will be developed into a planned health and knowledge precinct, integrating with the existing hospital and university, with more than 1,200 permanent apartments and townhouses.

In releasing details of the development project, Premier Newman was keen to stress that the sale of the athletes' village will not lead to a glut of properties on the Gold Coast market.

Premier Newman explained that the Queensland Government would follow a model that will ensure properties are built and sold in an orderly progression, stating "during the Games the buildings are essentially rented for the use of the Games and the Government pays that rent to Grocon.

"After the Games those buildings and the land transfer to a property trust which will exist for a period of 10 years, so that property fund will seek to rent those properties out and or sell them on the private market."

Click here to view the masterplan, a simulated fly-through and artists impressions for the Games Village.

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