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.
The 325sq 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.
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.
