$60 million spending spree

Last Saturday Lake Edge 551 was launched – a planned 94-apartment complex by Auckland-based development company Perron Group.

"More than $20 million of the apartments had been signed up during the week and on the day," Mr White said.

During the past two weeks a second planned luxury apartment complex – due to be launched on Saturday – had clocked up more than $40 million in sales.

The $90 million top-of-the-range 68-apartment complex, the Rees, planned for below Frankton Rd, was on the Queenstown waterfront like Lake Edge 551.

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