New Zealand golden visa lures potential luxury property buyers from Hong Kong, mainland China
Even a few new high-net-worth residents buying homes would have a ‘significant impact’ on the luxury property market, analyst says
Author: Cheryl Arcibal
Photo: A view of the harbour in Wellington, New Zealand, on January 7, 2025. Photo: AP
New Zealand’s revamped golden-visa programme is likely to lift demand for its luxury homes, as wealthy Hongkongers and mainland Chinese count among the top applicants, according to consultants.
Since the relaunch of the Active Investor Plus (AIP) programme in April, the government has received some 200 applications for the fast-track residency initiative, according to Greener Pastures New Zealand. The top three sources of applications were the US with 85, mainland China with 26 and Hong Kong with 24, according to data compiled by the government-recognised AIP advisory and fund manager based in Tauranga, north of the capital, Wellington.
Although investing in residential property does not qualify for the scheme, those whose applications are approved will be able to buy homes for their own use....
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