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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Support for regulation

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A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

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