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PHOTO: SUPPLIED – An illustration of an apartment in the 282-apartment and boutique hotel building, The Pacifica, in downtown Auckland, which is under construction.
Apartment developments are seeking exemptions to the new Overseas Investment Amendment Act so they can sell to overseas buyers, within weeks of the controversial legislation coming into force.
Four applications for a “Transitional Exemption Certificate” have been lodged with the Overseas Investment Office.
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