Record $2.4 million property sale signals boom for Tauranga’s downtown

A record $2.4 million sale price for an inner-city apartment in Tauranga has been chalked up by a development behind the police station in Park St.

The Real Estate Institute has confirmed that the $2.398m price paid for the northeast-facing penthouse of the Latitude Residences was the top price ever paid in the downtown.

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The northerly aspect from a computer-generated image of one of Latitude’s apartments in Park St. Image / Supplied