A prominent theme behind abandonment has been the wrong product, at the wrong location, at the wrong price. Plans for 28 new Auckland apartment blocks containing 1900 units have not gone ahead as originally planned, a real estate expert says. Related Content Auckland needs 66,000 apartments in 10 years Auckland property: What you can still buy for under $500,000"The market is discerning. Some of the planned projects were badly located, too expensive or not what the market wanted, he said. "We don't see a 15 per cent abandonment rate for project launches as a materially adverse outcome given the diversity of active developers, apartment product and locations.

Source: New Zealand Herald June 28, 2016 21:33 UTC