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Long Bay housing project claims first sales PDF Print E-mail
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Other Coastlines - Long Bay
Written by Anne Gibson, New Zealand Herald   
Friday, 09 November 2012
Stephen Martin and Evan Davies of Todd Property Group say meeting the call for affordable housing is impossible on the Long Bay site. Photo / Greg Bowker

2500 houses planned for 160ha upmarket development.

Todd Property Group has conditionally sold the first 14 sections at its 160ha Long Bay housing estate, the country's largest new greenfields residential project.

Evan Davies, chief executive, said group house builders had paid deposits on the land where they would put up show homes. Section sales would settle once titles were issued.

He anticipated builders would have consents by early next year and start building what Todd calls a "parade of homes" by around February.

...those sections sold for an average of $450,000...

Stephen Martin, Todd senior development manager, said those sections sold for an average of $450,000 and Davies makes no bones about developing upmarket housing on the expensive land where 2500 houses are planned.

Full story...


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