Mr Stanhope has announced that the charmlessly named “Crace” is going to start going under the hammer any day now.
Eventually 1,430 blocks will be taken up but the first release will be 160 blocks ranging from 450 to 760 square meters will be available.
Real estate speculators rejoice, 15% of them will go for under $300,000 as part of the “Affordable Housing Action Plan”.
This might all sound rather immediate, but the last para, as is so often the case, tells the real story.
- “The Crace Demonstration Village and sales information office are due to be opened in May 2009 along with the first stage sales release.