Apartment craze boosts Kiwi residential sector
A surge in apartment building has boosted the residential design sector in New Zealand
Statistics New Zealand said 492 apartments were approved in November 2013 – the highest number for more than five years.
This drove an 11 per cent hike in dwelling approvals across the country, the data body said.
‘November saw the highest number of apartments consented in a month since April 2008,’ said industry and labour statistics manager Blair Cardno.
‘The trend for new [dwellings] has been increasing since early 2011, and is at its highest level since early 2008.’
New Zealand’s biggest city, Auckland, accounted for a third of the consented homes in November.
The district of Canterbury, which includes the earthquake-battered city of Christchurch, represented a further quarter.
Earthquake-related consents in Canterbury were worth NZ$40 million (£20 million).
The value of all building work consented in New Zealand in November was NZ$1.1 billion, including NZ$798 million of residential projects.
BDP director of architecture Martin Sutcliffe last year told the AJ of opportunities for UK architects on the huge rebuild of Christchurch, which was struck by earthquakes in 2011 and 2012.
Last year Piers Taylor of Bath-based Invisible Studio was chosen to oversee the government’s reconstruction programme which will see billions of NZ dollars in state funding poured into rebuilding Christchurch over the next 10 years.
He said a series of international design contests could be launched for projects ranging in value from £50 million to £250 million.