Property editor of the NZ Herald

Strong pre-sales of Wynyard apartments

Developer Willis Bond has taken deposits on more than half of its planned 164 new Wynyard Quarter apartments.

Roger Twose, project director of Willis Bond which is developing the 113-unit Wynyard Central and 51-unit 132 Halsey blocks, said demand had been strong.

"We have achieved over 50 per cent of sales, which is equivalent to over $150 million," he said. "Purchasers have paid a 10 per cent deposit and pay the balance on settlement."

At Wynyard Central, one-bedroom apartments sold from $565,000, two-bedroom from $945,000 and three-bedroom from $1.2 million.

"At 132 Halsey, given its position on the water's edge, large two-bedroom apartments sold from $2 million and three-bedroom apartments from $2.5 million."

Buyers putting down deposits were evenly split between the two blocks but Twose said upper floors have been slightly more popular and the sales are due to settle in the next two years - mid-2017 for Wynyard Central and late 2017/early 2018 for 132 Halsey.

Wynyard winners

• 132 Halsey
7-level Halsey St block opposite waterfront.
Ground-floor retail, 51 apartments, 84 carparks
Starting price: just under $2m.
Designed by Athfield Architects.

• Wynyard Central
10-level on Daldy/Madden St.
Ground-floor retail, 113 apartments, 157 carparks
Starting price: about $550,000.
Designed by Architectus.
Source: Willis Bond

- NZ Herald

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