future of property development: housing affordability and environmental responsibility. Affordability remains one of the most difficult challenges, particularly in a high-seismic environment Like New Zealand, where construction standards rival those of Japan and California. While modular and prefabricated solutions have transformed housing markets elsewhere, seismic constraints make many of these approaches difficult to implement locally. Instead, Templeton focuses on innovation through design efficiency, smart planning, material choices, and long-term adaptability. Timber construction— abundant and sustainable in New Zealand—plays a significant role, as do green building frameworks such as Homestar ratings, which measure environmental performance. Sustainability, McKenna notes, is no longer optional. Younger generations expect it. While buyers may not yet pay a premium for green features, they 40 BUSINESS VIEW OCEANIA VOLUME 08, ISSUE 01
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