Construction has begun on a giant housing estate in south Auckland which will deliver more than 1000 homes, including some deemed affordable.
The Special Housing Area is being developed by a Chinese Company - Changda Construction - which is investing heavily in New Zealand.
The $700m investment is already fully funded, and they are promising to provide affordable housing.
Ten per cent must be affordable or priced below $600,000.
"We're definitely within the maximum charging price because we want to create homes for people that are affordable," Chanda's NZ general manager Liu Yanbing said.
A 45 square metre studio apartment will cost around $450,000, while larger homes could reach $850,000.
The development is next to the Vodafone Events Centre in south Auckland.
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