Section 12(a) Overseas Investment Act 2005
|Decision Maker||Overseas Investment Office|
|Decision Date||5 July 2019|
An overseas investment in residential (but not otherwise sensitive) land under the increased housing test, being the Applicant's acquisition of approximately:
The Applicant is a New Zealand registered company established for the purpose of acquiring and developing the investment properties.
To meet the increased housing test, the Applicant proposes to remove the two existing dwellings and construct 15 new townhouses. The construction of the townhouses will be completed in stages, with all 15 townhouses anticipated to be completed and sold by December 2024.
We consider the Investment is likely to:
|More information||Arthur Chung|
PO Box 2217