What John Key's up to: Chow venture in solid shape

What John Key's up to: Chow venture in solid shape
'We need the market to recover where we can get back to pumping out bigger volume' - John Key. (Image: Getty)
Brent Melville
The Chow brothers’ property empire is in “better shape than many” to ride out the downturn and survive what for many developers are crippling finance costs, according to John Key.The former prime minister and his son, Max, entered into a development co-venture with the Chows in February 2022, under their MTK Capital entity. The Hong Kong-born brothers and wider family own volume home builder Stonewood, having amassed their early fortune running Wellington takeaway, strip club and massage parlour operations.The target was...

More Property

NZ is off track on emissions targets: CCC
Property

NZ is off track on emissions targets: CCC

The Government will need new policies to cover the emissions target gap.

Greg Hurrell 25 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
The ‘tech bro’ approach to real estate
Property

The ‘tech bro’ approach to real estate

Tokenised property is coming, whether the regulators participate or not, experts say.

Maria Slade 25 Jul 2025
Du Val assets to remain frozen: Court
Property

Du Val assets to remain frozen: Court

The judge’s decision is heavily redacted, pending a suppression appeal by the Clarkes.

Maria Slade 22 Jul 2025