Apartment sales soar while Seascape stuck in basement

Apartment sales soar while Seascape stuck in basement
Brent Melville
It may be an expensive hole in the ground, but Shanghai-based developer Shundi Customs says a quarter of the 221 units in Auckland's downtown planned Seascape development have already been "taken off market", despite delays to the ambitious $300 million project.Delays have been largely due to the challenge of completing the deepest basement ever attempted in the city, all within a few hundred metres of Queens Wharf.When complete, the residential tower will rise 187 metres, over 52 floors plus another five levels of undergroun...

More Property

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025