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New Zealand’s luxury property market sees surge in interest from wealthy Singaporeans
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This 100-year-old mansion sitting on more than 5000 sqm land in Auckland’s affluent suburb of Remuera has a capital value of NZ$31 million.
PHOTO: COURTESY OF MICHAEL BOULGARIS
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WELLINGTON – They arrive in private jets accompanied by personal staff, including chefs and nannies. Their visits are short – typically lasting two to three weeks – during which they tour multiple properties. With budgets reaching up to NZ$35 million (S$26.6 million), they seek large homes offering convenience and exclusivity, prioritising proximity to the airport, privacy and security.
For real estate agent Hamish Walker, who specialises in luxury properties in the New Zealand resort town of Queenstown, these wealthy buyers from Singapore represent a growing clientele.
