Stamp duty, $5m minimum could feature in foreign buyer rules
‘Unintended consequences’ for major builders make remodeling the foreign buyer ban an imperative for offshore investment, the industry says.
Fletcher Living is the country’s biggest builder.
NZX-listed property developers Fletcher Residential, Kiwi Property Group, and CDL Land all require exemptions to buy and build residential properties under the Overseas Investment regime.
There are a host of private builder developers that fall into the same camp. Those include Neil Group, Endurance
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