Property

$60 million spending spree

More than $60 million worth of luxury Queenstown apartments had been snapped up by mostly New Zealanders in the past two weeks, Southern Lakes Real Estate managing director Warren White said yesterday.

Wednesday, July 07th 2004

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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Unity First Home Buyer special	3.95
SBS FirstHome Combo	3.99
TSB Special	4.39
SBS Bank Special	4.49
ICBC	4.49
Co-operative Bank - First Home Special	4.49
Unity Special	4.49
ASB Bank	4.59
ANZ Special	4.59
Nelson Building Society	4.59
Westpac Special	4.59

Nelson Building Society	4.87
BNZ - Std	4.89
Kiwibank Special	4.89
Unity Special	4.89
TSB Special	4.89
SBS Bank Special	4.89
ICBC	4.89
Kainga Ora	4.95
China Construction Bank	4.95
First Credit Union Special	4.95
ASB Bank	5.09

Westpac Special	5.59
ICBC	5.65
Kainga Ora	5.69
TSB Special	5.69
SBS Bank Special	5.69
AIA - Go Home Loans	5.69
ASB Bank	5.69
BNZ - Std	5.79
Co-operative Bank - Owner Occ	5.89
Kiwibank Special	5.89
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank	5.75
Unity Standard	5.79

Property

$60 million spending spree

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