An adviser to Chinese property players in Auckland believes many developers and investors in her home country will be interested to hear of moves to free up Crown land in the city.
She plans to go back to China in early June and would be talking to a commercial property group of about 500 members.
She said they and developers in other countries would be interested to hear that the Government was looking at up to 500ha of surplus Crown land for potential housing, and setting up a $52.2 million fund to partner with private developers.That’s why they want to see me and see if I can find some deals with the Government. They are pretty big investors.
“I’m sure the amount of overseas investment, not only from China but other countries as well, will increase. While Auckland land and building materials were considered expensive, Gao said the developers she dealt with were still attracted to the city’s lifestyle and multi-cultural make-up.
“The majority reason is there is a very high demand [for housing] and people just love the country.”