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Developers cutting asking prices as housing market slows

Developers cutting asking prices as housing market slows
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

Tom Rawson , Pidgeon Judd , Campbell Venning , Joanna Pidgeon , Ray White Manukau , Shane Brocklbank , Shane Brockelbank , Lower Hutt , White Manukau , Property Factory , After Christmas ,

Developers cutting asking prices as housing market slows

Property developers are cutting their asking prices by tens of thousands of dollars as they try to entice buyers amid a slowing market. ....

Tom Rawson , Pidgeon Judd , Campbell Venning , Joanna Pidgeon , Ray White Manukau , Shane Brocklbank , Shane Brockelbank , Sale Sign , For Sale Sign , Lower Hutt , White Manukau , Property Factory , After Christmas , Radio New Zealand , Ublic Radio , Urrent Affairs ,

Units appealing to investors

Mountain Scene
By PHILIP CHANDLER
Units in a luxury apartment building at Queenstown’s Arthurs Point are selling like hot cakes.
La Residence du Parc, off Arthurs Point Road, near the Coronet Peak turnoff, was completed two years ago.
It comprises two four-level, 24-unit buildings, one of which was sold down to individual investors before it was completed.
The other building was held by the development company, Aedifice Queenstown Ltd, and leased to the neighbouring THC Nugget Point hotel, for visitor accommodation.
Now that two-year lease is up, ‘Hotel Park Residence’, as it’s called, is now also being sold ....

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