The residential red zone settlement process is progressing well.
There are now around 6800 properties in the residential red zone in Canterbury, and about 46 per cent have now formally accepted either of the Government's offer options to purchase their property.
More than a third have already settled on their properties, which has enabled them to move on with their lives.
There are now only 653 orange zone properties left on the flat land and 2100 in the Port Hills that require final zoning.
We expect the 653 remaining orange zone properties to be rezoned in the coming weeks.
With regards to 2100 properties that remain to be rezoned in the Port Hills area, we expect all decisions on this land will be made and announced progressively by June this year.
For more information, click here.
Friday, February 24, 2012
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