Auckland 77-unit apartment block to be rented out

The Auckland apartment market is struggling, prompting developer Ockham Residential to rent out all units in the new 77-unit Whetū building in Pt Chevalier instead of selling them. CEO William Deihl noted the design allowed for flexibility between selling and renting, while the nearby Toi building has seen only 24 of its 65 units pre-sold, reflecting ongoing market challenges.

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