Former chemist cures property ailments

Saturday 15 May 2004

James Chan has another landmark Auckland CBD building on his books and this one is typecast for him.

By The Landlord

It's the oriental-flavoured, Choice Plaza building, at 10 Wellesley St which resembles a giant Chinese lantern.

The area is familiar territory to Chan. In partnership with David Bayley, last December he sold its neighbour, the Singapore -owned, gold-glass Hong Kong and Shanghai Bank (HSBC) building on the corner of Wellesley and Queen Sts, to an Australian-based Chinese buyer for $13.6 million.

Chan, winner of Bayleys Real Estate 2003/4 Commercial Sales Person of the Year award, was involved - in partnership with other agents - in the sale of 44 properties valued at $120 million in the past financial year.


The deals included the sale of the Strand Arcade Shops for $10 million and the former City Works depot on the corner of Nelson and Cook Sts for $28.5 million.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer