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

Leighs opts out of Scott Base build
Infrastructure

Leighs opts out of Scott Base build

The Antarctic contractor is focused on offices, healthcare and apartments.

Oliver Lewis 09 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio
Property

NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio

The Adina Apartment Hotel Auckland is one of seven properties for sale.

Staff reporters 07 May 2025
Property flipping 'pushing up prices': Valuer
Property

Property flipping 'pushing up prices': Valuer

Rapid trading, sometimes on the same day, is hurting low-income buyers, valuer says.

Maria Slade 07 May 2025