The slow market for apartments was evident at City Sales’ auction today, although one unit did sell and the uncertainty over the future of another made the absence of bidding on it unsurprising.
City Sales auction – 1 sells out of 3, Reserve Bank holds, First apartment sells at Bayleys auction
An Auckland High Court jury yesterday found the owner of Waldorf Celestion apartment hotel developer Emily Projects Ltd, Leonard Ross, and a small shareholder & representative of it, Michael Wehipeihana, guilty of fraudulently obtaining a large bank loan to build the downtown Auckland block.
A one-bedroom unit in the new Oasis apartments at the top of Myers Park in central Auckland was sold at Ray White City Apartments’ auction today.
3 apartments auction at City Apartments on Wednesday were passed in, and the auction for a fourth unit was postponed.
3 of the 10 apartments & suburban units auctioned at Ray White City Apartments yesterday sold under the hammer.