Wanganui's subdivision boom is showing no sign of abating.
About 10 sections have already been sold at a Putiki subdivision on the outskirts of the city, which is being developed by Cashmore Contracting Ltd.
A company spokesman said 31 one-acre to acre-and-a-half blocks had been developed, and 10 sections had already sold
through Century 21 Hocquard Realty, even though there'd been no advertising yet.
The blocks would be fully serviced with gas, power, sewerage, telephone and water and the road named Cracroft Drive after a former owner of the land.
The road, stormwater, gas and telephone were being put in now and all work was expected to be completed by December or January, the spokesman said.
Charles Close, off Peakes Rd, is the last city subdivision being developed by B Bullock and Co.
Eight of the 13 sections had already been sold, spokesman Richard Bullock said.
Charles Close is named after the late Charles Bullock, a former principal of the company.
He bought 30 acres of land in the area in 1945 and the property was later sold to B Bullock and Co, which developed it, Mr Bullock said.
Previous Bullock subdivisions were Treadwell St, Bens Pl, Titter Pl, Bullock Dr and parts of Nathan and Spurdle Sts.
Another subdivision is being developed by Apsen 2004 Ltd off Purnell St, opposite the racecourse.
Spokesman Paddy O'Donnell said a cul-de-sac, Gilligan Close, had been developed to access the properties and a show home was being built.
Clean fill from the Pak 'N Save supermarket site was being used to build up the house's floor so it was above the level of a 100-year-flood, if one ever occurred.
Towards the end of next month, the first 10 house and land packages would be released with the houses built by Jennian Homes.
By late January Mr O'Donnell expected titles to the first 10 packages would be available.
He envisaged the subdivision providing a total of three years' work for Jennian Homes.
Manawatu-Wanganui Real Estate Institute committee member Ross Watson said there was still demand for residential subdivisions because of the lack of housing stock for sale.
Potential buyers had to look seriously at the option of building a new home.
It also allowed people to build exactly what they wanted. The development of subdivisions showed the market was in good heart, Mr Watson said.
