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)

Tue, 04 Feb 2025

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...

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