Commercial

Former chemist cures property ailments

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

Saturday, May 15th 2004

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.

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Property investors refocus on cash flow

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

Commercial

Former chemist cures property ailments

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