Foreigners are allowed to buy units in the new 57-storey Pacifica project under construction in Auckland despite the government’s law change restricting non-citizens and non-residents’ purchase of property in New Zealand.
Gavin Lloyd, residential projects national director at sole marketing agents CBRE, said developers of The Pacifica had been granted an exemption by the Overseas Investment Office so they could sell to foreigners.
This was the first time the government had granted…
Source : South China Morning Post
Read more…New Zealand grants developer of Auckland tower exemption under anti-foreign buyer law
