RCL Homestead Bay Limited lodged the application in June 2025 to construct 2800 residential homes and a commercial retail precinct. ODT GRAPHICA development of thousands of homes in Homestead Bay near Queenstown has been given the green light. Infrastructure Minister Chris Bishop has welcomed the fast-track approval of the application by RCL Homestead Bay Ltd. RCL Homestead Bay Limited lodged the application in June 2025 to construct 2800 residential homes and a commercial retail precinct, which has now been approved by an independent panel. The project is estimated to contribute $720.3 million to GDP and support around 4420 jobs during construction, he said.

Source: Otago Daily Times February 18, 2026 23:49 UTC