CDL Investments unfazed by changes to law changes for foreign buyers

Thu, 08 Feb 2018

By Paul McBeth Feb. 8 (BusinessDesk) - Listed-residential property developer CDL Investments New Zealand, controlled by hotel operator Millennium & Copthorne Hotels New Zealand, isn't overly concerned by planned law changes for foreign buyers, although it warns the tweaks may block the consenting pipeline. In its annual report, Auckland-based CDL said demand for housing sections remained steady in 2017 despite lending curbs imposed by the Reserve Bank and tighter credit criteria weighing on the property market. Chair Colin Sim said chang...

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