Golf course for sale after resort development founders

Golf course for sale after resort development founders
The Pegasus golf course in Waimakariri, north of Christchurch, is for sale. (Image: Supplied)
Maria Slade
Golf courses are often owned by individuals with big egos and deep pockets, such are the difficulties in making the ventures pay.This may be the future for the Pegasus golf course north of Christchurch, which is on the market after its current owner failed to raise the money to develop it as a tourist resort.Auckland-based builder and developer Sam Huo has owned the 18-hole championship course and sports club adjacent to the Pegasus township since 2017.He planned to turn it into a resort complete with a hotel, apartments, spa and hot pool...

More Infrastructure

Aratere sold for scrap, price deemed commercially sensitive
Infrastructure

Aratere sold for scrap, price deemed commercially sensitive

The Aratere ferry has been sold to a specialist recycling shipyard in India for an undisclosed amount.“Details of the sale price are commercially sensitive,” Duncan Roy, executive general manager of Interislander, said.  The ferry was retired last August to make way for the port...

Rebecca Howard 10 Oct 2025
Govt looks to put its Chorus investment on the block
Infrastructure

Govt looks to put its Chorus investment on the block

The finance minister said there's no policy reason for Govt to hold Chorus securities.

Rebecca Howard 10 Oct 2025
Global coalition to stop building the same road twice
Infrastructure

Global coalition to stop building the same road twice

You get $4 in benefits for every $1 invested in infrastructure resilience, CDRI says.

Dileepa Fonseka 06 Oct 2025
Auckland’s Milldale housing project approved
Policy

Auckland’s Milldale housing project approved

The project is the third approved since applications opened in February.

Michael Neilson 03 Oct 2025