The Government has bowed to pressure from developers and offered an exemption to the foreign buyers ban.
Foreign buyers will still be able to buy homes in New Zealand, if recommendations by the Finance and Expenditure select committee are adopted.
Hong Kong-listed Tencent Mobility was granted Overseas Investment Office approval to buy up to 100 percent of video game developer Grinding Gear Games for more than $100 million.
The Overseas Investment Office has signed off on two deals involving public market transactions that have yet to be announced, although both involved domestic law firm Bell Gully.
In today's email we looked at the detail of the proposed legislation to ban foreign buyers, and detail what Defence Minister Ron Mark claims is "the biggest blowout" yet found by the new Government.
In today's email we looked in detail at the Reserve Bank's comments as it loosened LVR restrictions, and at the implications of the new directive to the Overseas Investment Office.
In today's email we looked at the Prime Minister's comments on big land sales before the Overseas Investment Office, the challenges facing the implementation of the new digital curriculum in schools, and the latest in politics and the economy.
In today's email we looked at how the new Government might deal with the issue of the Investor State Dispute Settlement (ISDS) mechanisms within the TPP.
In today's email we look at what yesterday's announcement from the new Government means for foreign home buyers and our free trade agreements.