Albany apartment project O.K.L.A. set to rise rapidly
Auckland’s fastest-selling apartment project is under construction only eight months after it was launched to the market.
A ground-breaking ceremony was held at the site of Albany residential development O.K.L.A. this week.
Since being launched in October last year, O.K.L.A. was the fastest selling apartment development in the second half of 2017, according to Colliers International research.
Frank Li, Kingsman Development
The project is anticipated to be completed in 18 months, with on-grade car parking significantly reducing the build time compared with other projects currently on the market requiring basement car parking.
Appointed build partners Haydn & Rollett have been involved in a number of residential developments including Botanica and Botanica Heritage, which were completed in late 2017 with impeccable results.
O.K.L.A. – On Kaipiho Lane Albany – by Kingsman Development is a collection of 117 contemporary apartments over six levels, with a double-height entry and boutique retail offering at ground level.
The ribbon cutting included Pete Evans of Colliers International (far right), Kim Barrett of Haydn & Rollett (fourth from left) and Frnak Li (third from left).
The architecture, by Ignite, has been inspired by modernist design to have an honest, functional and timeless aesthetic.
Pete Evans, National Director of Residential Project Marketing at Colliers International, credits the sales success to its optimum location, access to amenity and transport, the quality of the design and strong market appeal.
“O.K.L.A. has been popular with owner-occupiers who are looking for well-designed apartments in a well-connected place where they can enjoy a low maintenance, urban lifestyle with everything they need at their doorstep.”
Kim Barrett, Haydn & Rollett
According to Evans, O.K.L.A. offers some of the best value for money in the apartment market.
“Our research shows the market average asking price is $13,100 per square metre, which is 22 per cent higher than O.K.L.A.’s average asking price of $10,271 per square metre.
“These rates, as well as Albany’s promising growth potential make O.K.L.A. a smart investment option.”
The Kingsman Development, Haydn & Rollett and Colliers International teams and guests at the ground-breaking ceremony
Albany has been earmarked as one of ten Metropolitan Centres in the 10-year plan for Auckland meaning the area is set to benefit from continued infrastructure spend and development in the coming years.
A limited number of one, two and three-bedroom apartments are available to be purchased ranging from $550,000 to $1,110,000.
A fully furnished display apartment at the sales suite adjacent to the site gives buyers a unique opportunity to see the physical reality and level of finishes expected, and shows the developer’s commitment to create a high-quality apartment project for Auckland.
To find out more you can visit the display suite at 3 Kaipiho Lane, open Monday to Friday between 11am and 2pm and Saturday between 11am and 3pm.
Find out more at okla.co.nz
Follow us on Facebook and Instagram.
Get the latest commercial real estate insights and property news.
Looking for commercial real estate? Try our property search or connect with expert commercial real estate agents today.
Need your real estate assessed? Work with our expert property valuation services team.