$700M HOUSING PROJECT
A large south Auckland housing development will offer new onebedroom homes for less than $400,000.
Chinese-owned Changda International Development’s Pacific Gardens project will see more than 1100 houses built on a 9.4 hectare site beside the Vodafone Events Centre in Manukau.
Changda NZ general manager Yanbing Liu is in charge of the $700 million development, which he says will take up to seven years to complete.
Chris Jones, who’s part of the Pacific Gardens leadership team, says stage one of the project includes 21 apartment units and 21 terrace and standalone houses.
Workers have almost completed earthworks on the whole site as well as infrastructure and roading for the initial phase, he says.
Construction of the first homes will begin at the end of this year and they’re expected to be completed by the end of 2018.
Stage two includes an additional 62 apartment units and more than 40 terrace homes.
Construction [of these properties] will commence in mid-2018 for completion in mid-2019,’’ Jones says.
‘‘Changda’s overall goal is to have 100 to 150 homes being marketed and or under construction each year.’’