3 days ago
- Business
- Otago Daily Times
Released sections sell straight away
The iconic 'Kingston Flyer' in action. PHOTO: ODT FILES
Strong demand for sections in the Kingston Village (KVL) residential development continues, with the latest release snapped up in minutes.
KVL senior development manager Nicola Tristram said yesterday's 23 sections took the total sold since March to 110.
All three releases had sold out immediately, Ms Tristram said.
"We think it's the affordability that's driving it, with sections from $299,000 and very local buyers.
"First-home buyers and families are what we're seeing at this stage."
With registrations of interest on the company's database steadily increasing, that demand was expected to continue.
Titles for the first 87 sections were expected by winter next year.
Titles for yesterday's 23 sections, which ranged in size from 350sq m to 600sq m, were expected by the winter of 2027.
A decision on the timing of the next release, to be marketed by real estate agents Bayleys, had yet to be made, she said.
Civil works for the 88ha development, which is south of the existing township, began last month.
Zoned for 750 sections, it is set to triple Kingston's population once fully built and occupied.
