Skaha Hills development looking ahead to phase two
Keeping up with the sales figures at Skaha Hills is not the easiest thing to do; the latest figure of 30 lots sold is likely going to be out of date by the time you read this.
“When we first started our planning, our projections to move us forward was to sell 12 units a year,” said Chief Jonathan Kruger of the Penticton Indian Band, who partnered with Greyback Construction on the development.
“We have been open for exactly a week and I have just been told that we have sold 30 as of today. The could change by the end of the day.”
The new residential development, just into its second week of sales, has already sold more than half its initial offering of 47 lots.
Since the purchase contracts include a clause that construction must start within two years, they are not likely being driven by land speculators, according to Curt Jansen, Skaha Hills vice-president. He suggests it is because of pent up demand for view lots in Penticton, an improving economy and a construction firm behind the project with a long-standing reputation.
“We thought that this phase would take us one to two years,” said Jansen. “This is our first week and we are already moving on to plan phase 2.”
The strong sales also promise a strong downstream effect in the creation of ongoing construction jobs, something that Kruger said will spread to the entire region.
“This is going to promote jobs for everyone, including our band. Our (PIB-owned) Westhills Aggregates is extremely busy and we have band members working on the sites,” said Kruger. “Everything’s coming together so nicely and to have those kind of numbers is pure excitement.”