Kāinga Ora to sell properties in wealthy suburbs as part of turnaround plan

Kāinga Ora to sell properties in wealthy suburbs as part of turnaround plan
The agency is being refocused on its core role: being a social housing landlord. (Image: BusinessDesk)
Oliver Lewis
Kāinga Ora will focus on selling properties in high-value areas and look to slash new-build costs as part of its financial turnaround plan.Housing Minister Chris Bishop announced on Tuesday the agency (KO) was being refocused on its core role as a social housing landlord.Board chair Simon Moutter, who was appointed in May 2024 after a critical Bill English review of the agency, contributed to the turnaround plan, which was provided to the Government last year.“Our new plan for Kāinga Ora, which the Government has approved, outlines a clea...

More Policy

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

Oliver Lewis 16 Sep 2025
First look at NZICC, and SkyCity's hopes for $70m fund
Economy

First look at NZICC, and SkyCity's hopes for $70m fund

SkyCity's COO says a new govt fund should help fill empty hotel rooms across Auckland.

Dileepa Fonseka 15 Sep 2025
Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Michael Neilson 15 Sep 2025