A 600-residence improvement in Christchurch value about $300 million can go forward now Parliament has handed laws to unlock the land.
Housing Minister Nick Smith says no less than 30 per cent of the houses, or about one hundred eighty, might be priced under $450,000.
“This housing improvement is a part of the federal government’s housing accord with the Christchurch Metropolis Council – the mixture of this venture and people already underneath method will ship greater than one thousand new homes in Christchurch,” he stated.
Laws needed to be handed to revoke the reserve standing of Riccarton Racecourse land.
The invoice was handed on Thursday night time.
NZN.