Millbrook Property and Development manager Ben O'Malley said the subdivision was located on a "prominent knoll" on the western side of the resort, overlooking the sixth fairway and the green of the Coronet Nine golf course.
Initial construction involved a cut and fill excavation of about 20,000cu m of soil, rock and trees and building 560sq m of rock walls in and around the subdivision.
The development was further evidence of the continuing high level of confidence the resort's board had in the property market at the resort, following an announcement of a five-home development at McEntyre's Tarn.
"The board gave us the green light to start civil works for the Mill Green subdivision two weeks ago, so we're straight into the site clearance and earthworks."
The sections would range in size from 1218sq m to 1424sq m.
Mr O'Malley said the majority of sites would be selling for less than $1 million, starting at $650,000.
The Mill Green development also involved the removal of dead and diseased willows around the adjacent Mill Stream and considerable planting and enhancement work along the stream bank.
That would be a continuation of the wetlands enhancement work already successfully completed by the resort, which recently helped it win Qualmark Enviro-Gold status, one of 20 hotels around New Zealand to receive the award.
The 2010-11 summer was already looking "extremely positive" for resort development, with four private homes with an estimated value of more than $7 million already under construction, he said.
Millbrook also had two homes under construction at Coronet Square - worth another $2.2 million - and construction of a further three homes was due to start in the next few months.
In recent months the resort had experienced steady property sales and continued enlistment of new members.
A total of $10.9 million worth of real estate had been sold at the resort in the first eight months of this calendar year.
