Red Mountain Condo In Unreserved Auction on March 13, 2010

Red Mountain Resort in the Kootenays is selling four luxury ski condos at public auction on March 13 and one of the units - originally priced at $850,000 - will be sold on UNRESERVED BID. It will go to the highest bidder.

For information on how to register, go to www.ablerealty.ca/auction_list.php (or Google Able Auction Morningstar).

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ONE DEVELOPER SOLD 7 LUXURY SUITES FOR $46.76 MILLION ($31 MILLION FROM OLYMPIC ATTENDEES)

Between the Opening Ceremonies on Feb. 12 and the Closing Ceremonies on Feb. 28, Aspac Developments sold seven suites at its luxury towers at UBC (The Wesbrook) and Coal Harbour (Three Harbour Green) for a total of $46.76 million. Three of those suites, including Three Harbour Green's $22.3 million-penthouse, were sold to visitors specifically in town for the 2010 Winter Games.

"The Olympics were instrumental in putting our properties, especially our Three Harbour Green tower next to the International Broadcast Centre, on the world stage," says George Wong, principal of Magnum Projects (Marketers for Aspac).

"The weather really showcased Vancouver's natural beauty and the Games brought an international flair and level of excitement to our city that, coupled with everything else we have to offer, made Vancouver extremely attractive. Add to that the affordability of luxury real estate here, compared to other world cities, and Three Harbour Green's downtown waterfront location was an irresistible choice for our buyers." To interview George Wong, obtain images, or arrange tours of the Penthouse in One Harbour Green, please contact Greg Descantes at 604-646-3564 or greg@pacegroup.com.

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