A Chinese company is planning to build more than 1000 new apartments beside the Southern Motorway in Manukau, some places aimed at first home buyers.
Changda International, which also this week announced a huge new Orewa housing estate, has today announced "more than 1100 homes" on a 9.4ha site declared a Special Housing Area which means 10 per cent of the places must be affordable or below $600,000.
"Pacific Gardens, which has Special Housing Area (SHA) zoning, will eventually deliver more than 1100 homes into the Auckland market. Some of those homes will be social housing and more are targeted at first home buyers, meeting SHA requirements. A diverse mix of housing will create a similarly diverse community with homes for professional couples, empty nesters and families across all cultures and demographics," said a statement from Changda.
"Changda's New Zealand general manager Liu Yanbing, says earthworks commenced in October and building of housing is expected to start in April or May next year. While stage one of the five-to-eight-year development includes 21 terraced townhouses and 21 apartments, the target is to have some 200 homes in the market each year. The configuration of initial homes will range from studio apartments to four bedroomed terraced townhouses to meet the market and they are expected to start being occupied from early in 2018," the statement said.
