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Mystery Chinese developer pays $8.8m for landbank near Auckland

A Chinese developer has acquired 88ha at 1575-1595 East Coast Rd, Redvale, on Auckland's North Shore, for $8.8 million.

Chris Hutching for NBR NZ Property Investor
Tue, 04 Nov 2014

A Chinese developer has acquired 88ha at 1575-1595 East Coast Rd, Redvale, on Auckland’s North Shore, for $8.8 million.

The price equates to $99,424 a hectare.

The block is a few kilometres west of the riverside settlement of Okura or roughly 10km north of Albany, and is on the boundary of Weiti

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Chris Hutching for NBR NZ Property Investor
Tue, 04 Nov 2014
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Mystery Chinese developer pays $8.8m for landbank near Auckland
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