KiwiBuild apartments


PHOTO: THE WELLINGTON COMPANY/SUPPLIED An artist impression of the Monark on King Street development comprising of 94 apartments – 44 of the one and two-bedroom properties will be available to buy through the KiwiBuild scheme.

Wellington city’s first KiwiBuild properties are hitting the market as promises of future developments are made – despite the flagship scheme being under review by the Government.

More than 300 people have registered to buy one of 44 KiwiBuild properties in the to-be-built 94-apartment Monark on King complex in Mt Cook. The properties will be sold by ballot, which opens on Wednesday.

The one and two-bedroom apartments – which boast private balconies, double-glazing and designer kitchens – are priced at $450,000 and $500,000.

A planned information evening for the complex was so oversubscribed it was scrapped in favour of opening a display suite which will be accessible until the ballot closes on Monday, August 12.