Apartment sales heralded as sign of confidence

That is roughly a quarter of the complex.

Construction work is scheduled to begin within the next three months and should be finished by early 2015.

The units have been marketed at prices ranging from $1.095million  through to $2.98 million.

“Being at the very top end of the price bracket for residential property in Orewa, the sell down of apartments so far reflects that despite the New Zealand economy being on a gradual recovery path, there is still considerable personal wealth around to support the purchase of a quality development such as Ocean Point.”

Ms Thomas as said the design of Ocean Point Beach Residences fitted perfectly within indicative guidelines contained in the Auckland Unitary Plan, which called for controlled low-rise development of residential property in absolute waterfront locations.