Property

Apartment city

Takapuna is on the verge of an apartment boom with three major developments confirmed and more in the pipeline.

Thursday, May 19th 2005

Development company Location Group has released details of its proposed 115 metre-high $160 million development, called Merge, to be built on the former gasometer site on the corner of Huron and Auburn Streets. It will have 100 apartments.

Construction on Cornerstone's 107 metre Sentinel development is set to begin within the next few weeks, providing 117 apartments.

Apartment living in Takapuna does not come cheap. Sales specialist Alison Middleton says prices in Takapuna range from about $500,000 to $3.5m.

Demand for apartments was far higher than the supply and Takapuna was so popular that her company had a waiting list.

The new Merge development will have a floor space of about 24,000 square metres dominated by a 115 metre tower.

The project will include a public carpark with 750 spaces, office space over four levels, 100 apartments and a mix of retail shops.

North Shore City Council has previously remained tight-lipped over the project, refusing to release any details, citing commercial sensitivity.

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Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50