Seascape developer Shundi Customs yet to cough up $36m, accounts show

Seascape has sat half-finished for nine months. (Image: NZ Herald)

Fri, 11 Apr 2025

China Construction NZ, the company building Auckland’s abandoned Seascape tower, is still owed $36.2 million by the building’s developer, its financial accounts indicate.China Construction has just filed its 2023 accounts with the Companies Office, saying there was material uncertainty it could continue as a going concern.Work on the 57-level Seascape apartment tower has been stalled since August amid an entrenched dispute between developer Shundi Customs and China Construction NZ.Both companies are Chinese-owned.Although China...

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