Around 500 jobs are expected to be created after plans to develop 1,000 new homes in Newtownards, Co Down, were unveiled by property developers.

Fraser Houses (NI) Ltd announced plans for the £200 million Riverwood Scheme.

The project on a 107-acre site includes bungalows, semi-detached and detached homes in the style of 'New England' architectures.

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The homes will be situated on the Eastern side of Newtownards.

Alan Fraser, of Fraser Houses, said: "We're delighted to be making such a significant investment in the Northern Ireland housing market. Demand for property in Northern Ireland is increasing and confidence in the market is on the rise.

"Rivenwood will not only bring a range of unique and stylish homes to a desirable location in North Down, it will create an estimated 500 jobs and support a wide range of local industry related companies."

Construction work is expected to start in summer 2016.

(CD/JP)