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Michael, I wouldn't bother too much with the project builders, they dont specialise in the type of higher class finish i assume your after. Not to mention as you've discovered the designs Masterton have for instance don't suit your block. If you still wan't to go the project home route...

I know what you mean when you say the 3 approach is a more effective use of the land, the golden rule of bringing the land up to it's maximum use of course. The duplex route does have a few advantages to though. Another selling point could also be the bigger yard you would have! :) Good luck...

Have you thought of doing a duplex instead of 3 units/townhouse. I guess you may have already considered it but by doing that you could save on lifts, turntables and the excavation no? Not to mention you can get away with not strata titling them. Probably have about the same profit margin % wise...