Queenstown’s Cecil Peak Station, which had a ‘‘guide price’’ of $60 million, was taken off the market at the end of last year. In October, the Otago Daily Times reported Cecil Peak, a 13,000ha high-country farm, was being marketed for sale by Bayleys. The farm, which has been in Singaporean ownership for more than 30 years, has a $33 million rateable value, with a "guide price" of $60m. The pastoral lease provides a right to run 14,000 sheep, but the farm now operates with between 3500 and 5000 sheep and up to 500 cattle. It also has 23km of lake frontage and country going up to an altitude of 1978m on Cecil Peak itself, which is directly across the lake from Queenstown’s CBD.

Source: Otago Daily Times January 06, 2026 15:38 UTC