Home buyers in South West Christchurch will benefit from the announcement of a 600-home development at Riccarton Racecourse, National Party candidate for Wigram David Hiatt says.
Building can now start on this $300 million, 600-home development, after the Government approved the final step for the Christchurch Racecourse Reserve Trustees and Ngāi Tahu Property initiative.
"The south west of Christchurch has experienced strong growth over the past five years. This newly freed up land will allow more hard working kiwis the opportunity to live in such an attractive and accessible part of our city," Mr Hiatt says.
“The key to improving affordability is increasing supply, and this development will do that while helping more first home buyers into a new, high-quality homes.
"I look forward to seeing this development progress and more people enjoying the quality of life that south west Christchurch offers.
“As Building and Construction Minister, Hon Nick Smith has said, the goodwill and vision by both Ngāi Tahu Property and the Board of Trustees of the Riccarton Racecourse has got us to this point. Together they have worked towards the release of this restricted use land so close to existing community redevelopment."