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Frantic first-home buyers snap up sections

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First-home buyers have snatched up 35 sections at a Queenstown subdivision within an hour of the plots being put on the market, its developer says. Shotover Country released the latest sections in its Risinghood neighbourhood, the seventh stage of the subdivision. On completion, the subdivision will number between 700 and 900 homes. Developer Sharyn Stalker said that within an hour on Thursday, all 35, priced between $192,000 and $230,000, were on hold pending contract. ''It's unbelievable. ''I don't think anything like this has happened...

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