Almost 50 Auckland apartment projects didn't proceed under their original plans this year
Almost 50 Auckland apartment projects didn't proceed under their original plans this year
12 December 2018
Research from Colliers International has found 19 developments were abandoned, 13 were deferred and 17 saw their sites re-marketed for sale or sold.
Spokesman Chris Dibble says a levelling off in sales prices and rates of sale, along with stubbornly high development costs, is leading to deferred and abandoned projects.
© 2024 Newstalk ZB, NZCity