Prices slashed for luxury Sentinel apartments

The cost of some Sentinel units has plunged. Photo / Herald on Sunday

Some luxury apartments in the North Shore's tallest tower are reselling for much less than their original asking price.

Rick Martin, who developed Takapuna's 30-level Sentinel tower at 3 Northcroft St, said units were selling at big discounts to the price paid.

"Things have picked up on the sales side and there's a lot of traffic through the Sentinel, which is good," Martin said.

"Some of the sales are now at 40 per cent to 50 per cent off the original prices so some peopleare picking up a bargain," he said.

A level 25 apartment was $1.8 million, now being advertised for $1.3 million, a level 21 apartment was $1 million now $840,000, a level 20 unit was $920,000 now $740,000 and a level 11 unit was $730,000 now $599,000.

The tower, built by Brookfield Multiplex and finished last year, is a block from Takapuna Beach and has extensive sea and city views.

Martin is selling a number of units which were never sold after the tower was finished, including the two-level penthouse.