The bureau also warned of a potential dangerous stormtide with "damaging waves and dangerous flooding".
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Many shorelines are occupied by barrier islands, which are shaped by offshore sedimentation processes and annual stormtide events.
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Police and State Emergency Service volunteers have been doorknocking in red zones which are predicted to be affected by the stormtide.
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Residents between Ayr and St Lawrence are warned of a dangerous stormtide as the cyclone crosses the coast late this morning.
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The peak stormtide hit Christchurch about 3:15pm on Saturday, the highest recorded in 13 years at Sumner.
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Tail risk -or the probability of an extreme event such as a 2008-stylemeltdown -is a stormtide for your portfolio.
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Hagupit, which means "lashing" in Filipino, killed at least eight people in the Philippines and three in China where it triggered a "once-in-a-century stormtide".
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Residents have been warned to expect dangerously high stormtides and high waves along the coast.
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For now its stuck in neutral, hovering in one spot, dumping heavy rain and causing massive stormtides and flash floods.
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The National Hurricane Center estimates that stormtides - some as high as 15 feet (5 metres) - were largely responsible for some 8,000 deaths.