News

A further $17.2 billion of Chinese money is expected to start pouring into the New Zealand property market as the Chinese government changes its rules on overseas investment
2015-09-18

Property website Realestate.co.nz is expecting Chinese investors to pour US$10.9 billion (NZ$17.2 billion) into this country's residential and commercial real estate markets as a result of changes being made to overseas investment rules in China.The latest Unconditional newsletter published by Realestate.co.nz this week, said the influx of Chinese money was likely to cause a boom in this country's commercial property sector.
 
"The second phase of Qualified Domestic Individual Investor programme implemented by the Chinese government will come into effect this month," the newsletter said."This programme removes certain restrictions that...

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KiwiSaver provider to offer insurance
2015-09-16

KiwiSaver provider Mercer is set to expand into the insurance market for the first time in a bid to capture more savers.Mercer, which has about 100,000 people signed up to its KiwiSaver scheme, is to offer life insurance and bill protection insurance in a white labelled product provided through Cigna Life Insurance.
Members of its KiwiSaver scheme who buy the insurance policies will also get an additional function called SaverProtect which will pay $200 per month into their KiwiSaver scheme for up to six months if they are unable to work due to illness, disability or lose their job through redundancy.
 
保险市场有多火?KiwiSaver供应商也卖保险!...

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Government begins consultation on plans for a withholding tax on offshore-based sellers of NZ houses
2015-09-11

he Government's commenced public consultation begins today on the proposed residential land withholding tax aimed at offshore investors selling New Zealand houses within two years of buying them.The tax, aimed at being introduced on July 1 next year, was part of the package of proposals unveiled by the Government in May's Budget and fits in with the the so-called bright-line test targeting investors selling properties within two years,which was introduced into Parliament last week.Revenue Minister Todd McClay said the new proposed withholding tax was "an important part of the Government’s residential property tax compliance work and will ensure tax is paid under...

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