Property market about to 'go bananas'
An Auckland property specialist with close links to the Chinese investment community
predicts a huge inflow of capital into Auckland's property market this year,
despite China's financial crackdown.
Auckland landlord Ron Hoy Fong, who has 30 properties and runs coaching business
Ronovationz from Mt Roskill, said although people based in China now found it harder
to buy since the October 1 changes in New Zealand, he thinks that will soon turn around,
particularly about May when he expects far more investors to seek to buy.
"I'm telling my students to just buy as much as you can,
to get in before the Chinese," Hoy Fong said of his 450-student client base.
An Auckland property specialist with close links to the Chinese investment community
predicts a huge inflow of capital into Auckland's property market this year,
despite China's financial crackdown.
Auckland landlord Ron Hoy Fong, who has 30 properties and runs coaching business
Ronovationz from Mt Roskill, said although people based in China now found it harder
to buy since the October 1 changes in New Zealand, he thinks that will soon turn around,
particularly about May when he expects far more investors to seek to buy.
"I'm telling my students to just buy as much as you can,
to get in before the Chinese," Hoy Fong said of his 450-student client base.
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