Twyford extends olive branch to Singapore in house-buying ban

Wed, 13 Dec 2017

By Sophie Boot Dec. 13 (BusinessDesk) - The government will push through its bill preventing foreign purchasers from buying existing New Zealand houses by early next year, though questions remain over the status of Singaporean buyers. The ban breaches New Zealand's free trade agreement with Singapore and Housing and Urban Development Minister Phil Twyford said Singaporean buyers may be exempt from the ban in the same way as Australians will be if the FTA cannot be successfully renegotiated. Twyford and Land Information Minister Eugenie...

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