Residential development hits headwinds

The developer of this site, by the Hibiscus Coast Community RSA, has been put up for sale with “all offers considered”.

The property at 20 Melia Place and 43A Vipond Road, Whangaparāoa, where 59 dwellings were to be built by Melia Development, is up for sale.

The 1.826ha Melia Place and Vipond Road site, formerly owned by the adjacent Hibiscus Coast Community RSA, was put on the market just before Christmas.

Last year, Melia Development (sole director Yuntao Cai of Auckland) had its proposal for the residential development fast tracked through the government’s Covid-19 recovery consenting process, obtaining consent last June.

Initial work to prepare the site was done before the land was put on the market, on December 21.

Last year Precise Homes (also with sole director Yuntao Cai) was selling the homes off the plans, with several already sold.

The land is currently being marketed as “an unprecedented opportunity for large-scale development” and Ray White real estate agent Lei Li says she has had enquiries.

The real estate promotion notes that the site “must sell” and that “the vendor will consider all offers”. Tenders are due in by February 8, unless sold prior.

This is the second time in recent months that a local residential development has been put on the market before any building began. Last month, a consented development consisting of 29 townhouses at 33 Red Beach Road was put up for sale with developer Red Beach 1 citing the current difficulties of the market as the cause (HM December 12, 2022).

Hibiscus Matters was unable to contact Melia Development for comment.