Work is due to start next month on a new 67-lot residential subdivision at Fairway Bay, Gulf Harbour near Whangaparaoa. Michael Webb-Speight, a development consultant on the project, said 25 sections had already been marketed and 10 per cent deposits would soon be paid on five of those properties.
The325sq m to 705sq m sites are selling from $319,000 up to $419,000, he said. The land subdivision is by Chinese-owned Top Harbour and the sites are within about 200m of the waterfront, off Pinecrest Dr and The Anchorage.
Fairway Bay, Gulf Harbour. Photo / Supplied
The latest subdivision is called Fairway Bay Resolution, near Fairway Bay Discovery, where 65 of a proposed 79 residential lots have been created. Of those 65, deposits have been taken on 55 lots, Webb-Speight said, and many houses are rising there.