Date: 4th June 2014 by Tim Medland
After a few years of not being flavour of the month, apartments are rebounding as a great option to get into the Queenstown property market. New Developments like 22Hallenstein Street in Queenstown have made an impression by filling a real gap in the market, beating the stigma of high ownership fees that have been the “elephant in the room” for would be apartment investors.
Local Real estate heavy weights were sceptical to start with but the popularity of those high quality apartment ranging from studios to penthouses have sold very well thanks to proximity to town, low maintenance, unique style and low on going ownership costs, making it attractive as an investment as well as a place to live. The results speak for themselves, from 17 apartments delivered on time, only 2 penthouses remain available for sale.
Building on the success of this project, developers Tim Medland and Francois Beziac are now continuing on with “La Residence Du Lac”, ultimate lake front boutique development that will make waves by providing lakeside living at an affordable price that could even attract to first home buyers.
So watch that space!
Posted in: Company Updates