A new $2 billion-plus 2500-residence community with an entirely new town centre is being planned near Drury.
Charles Ma, the former joint managing director of Auckland's biggest CBD apartment project, Sugartree, is heading the development of Auranga to be created on a 160ha site in South Auckland.
"This will be $2b-plus project and 2500 residences will be built, from apartments to stand-alone homes, ranging in price from $585,000 to $1.5m," the Shortland St-based Ma said.
Sugartree, between Union St and Nelson St, is now being completed and will have 686 apartments when it is finished, Ma said.
Land purchases for Auranga amounted to $325m, he said.