Build-to-rent and social housing matches 'for sale' units

There are 2,898 units expected to be complete this year. (Image: BusinessDesk)

Mon, 05 Jun 2023

There were 122 apartment development projects under construction or in the pipeline for the first quarter of the year, of which half were build-to-rent (BTR) and social housing projects.That's the highest number of non-saleable multi-unit projects on record, according to data from commercial realtor CBRE. Of the 61 developments being built for tenants, 35 were by social housing provider Kāinga Ora, up from 33 for the prior quarter.CBRE said 744 units had been completed for the year to date, with another 2,898 expected to be finished by...

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