PHOTO: IAIN MCGREGOR/STUFF Relaxing at Rauora Park in Christchurch’s east frame, in front of One Central terraced houses.
Slow sales of Christchurch’s 900-home east frame development have aroused concern from Treasury and look likely to trigger changes in the project.
Out of 172 apartments, terraced houses and townhouses being built in the Crown-led housing project by Fletcher Building, just one-fifth are either under contract to would-be buyers or sold.
The homes are the first stage of more than 900 planned for land bought by taxpayers for the project, which is aimed at repopulating the central city.
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