IMAGE: SUPPLIEDThe first sod in Queenstown’s long-awaited, $2 billion Lakeview Te Taumata project — tipped to reshape the town’s urban centre — will be turned in three weeks’ time. The February 12 ceremony comes after Australian developer Ninety-Four Feet last month paid the council $8 million to secure the first parcel of what used to be the 10ha Queenstown Motor Park. In turn, it follows the 2019 signing of a development agreement between Ninety-Four Feet, triggering a council spend of about $70 million on civil works. Five percent of proceeds will also be given to the Queenstown Lakes Community Housing Trust to deliver more affordable housing. "We’re seeing unprecedented interest from buyers who recognise the long-term value of Lakeview," local New Zealand Sotheby’s International Realty (NZSIR) sales associate Myles Green said.

Source: Otago Daily Times January 22, 2026 16:03 UTC