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.
Source: rnz.co.nz
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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’, ...
Source: scene.co.nz