The property market in Queenstown is showing no signs of a slowdown, with the second stage of a $200m residential development being launched this week.

The Remarkables Residences townhouse development in the popular Frankton area of Queenstown is launching another 46 homes onto the market, following the successful sell down of all but one of 56 Stage One homes.

Stage One comprised three to five-bedroom multi-storey townhouses, offering buyers the chance to get their foot in the door of the Queenstown market for a competitive price.