RP and AP Investments director Steve Grevatt, who is developing the property, told the Otago Daily Times he was still working with consultants to finish engineering plans for the subdivision.
RP and AP Investments bought the Roxburgh property more than six years ago and gained resource consent from the Central Otago District Council (CODC) in May 2005.
Mr Grevatt, of Hawkes Bay, said since then the situation had been an exercise in "incredible patience", and while the subdivision had not received titles, they were within grasp.
"It is still progressing, just very slowly," he said.
He was hopeful the subdivision would progress eventually.
More than $1 million has been spent developing the site, designed to eventually house stages two and three, comprising 21 residential sections and six prime sections respectively.
In April 2007, the subdivision plan was certified under section 223 of the Resource Management Act (RMA), after the council had asked RP and AP Investments to commission a geotechnical report in 2004 before granting consent.
In December 2007, the CODC asked for another report, this time confirming all infrastructure of the subdivision had been undertaken in accordance with recommendations in the original geotechnical report.
Ongoing engineering issues have prevented the subdivision from being granted titles by the District Land Registry.
Before consent holders can apply for titles the council has to sign approval under the RMA.
In March it was reported the individual purchasers of 14 sold sections within the 24-lot stage one development had been unable to build due to the lack of titles.
"It hasn't really changed," Mr Grevatt said.
Once titles were granted, the purchasers, whose initial deposits have been held in trusts, would be able to pay the balance and own sections, he said.
