2 days ago
- Business
- Otago Daily Times
Remarkables Park villas in high demand
An artist's impression of Queenstown's Kawarau Villas. PHOTO: SUPPLIED
A two-level apartment development in Queenstown's Remarkables Park appears to be hitting the sweet spot with the market.
Launched last September, the first 39-unit stage of Kawarau Villas is already under construction at 7 Juniper Pl, right below the Remarkables Park shopping centre.
The second stage, comprising 38 units, officially launched last month, and already nearly half of the 77 released homes are under contract, Bayleys' residential projects GM Gavin Lloyd says.
"We believe this is the fast-selling project in Queenstown."
Prices in this stage range from $850,000 to $1.05million — they're mostly three-bedders with just one two-bedder left to sell.
Lloyd says the development — which will be 120 units all up — has attracted a wide range of buyers, from owner-occupiers, including first-home buyers, to investors who are particularly attracted by the 365-days-a-year visitor accommodation consent.
Described as "contemporary living with alpine charm", Kawarau Villas is said to have "a sleek and minimalist Nordic-inspired design" that combines luxury with functionality.
Each terrace home comes with a private backyard and a carpark.
There are four typologies — the sole two-bed option is 67sqm and the three-bed options range from 82-86sqm.
The developer's Auckland-based Tony Gapes' Redwood Group, which also developed Frankton's Five Mile shopping centre, central Queenstown's The Alex Apartments and Arthurs Point's Coronet Peak Alpine Villas.
