Property · Building · Design
As New Zealand’s largest telecommunications and digital services company, Spark New Zealand has 27 Spark Business Hubs nationwide. Working with world-class suppliers and IT companies, they provide local business customers with tailored, one-stop solutions covering connectivity, IT, mobile communications, information security, cloud services and related coordination services.
In recent years, residential townhouses and apartments, commercial office buildings, and industrial factories and warehouses have all been popular property investments in New Zealand. However, while the coronavirus outbreak has significantly affected residential and office properties, factories and warehouses have remained resilient and show promising prospects, thanks to the industrial market’s ability to withstand crises and strong demand for storage space.
On 4 June, the sixth session of the 2020 New Zealand Chinese construction industry health and safety webinar series, the 2020 NZCBIA Build Safer Campaign, concluded successfully. Organised by the New Zealand Chinese Building Industry Association (NZCBIA), with support from ACC, Site Safe and EMA, the series had accompanied construction industry colleagues throughout lockdown. Its conclusion was widely welcomed by Chinese construction professionals.
Procedures and protocols for returning to work at businesses and construction sites are expected to develop and evolve as the government and industry gain experience in preventing and responding to the pandemic. This document should therefore be regarded as a continually improving working document.
At 0h on 28 April, following a 33-day Level 4 lockdown, the New Zealand Government lowered the alert level to Level 3, allowing some businesses that do not require face-to-face contact with customers to resume operations.
On 28 February 2020, confirmation of the first local coronavirus case drew New Zealand, previously sheltered in its corner of the South Pacific, into the COVID-19 storm. As the outbreak spread, everyone’s lives seemed to be put on pause: working from home, resting and regrouping, and waiting for the day life could restart.
As the first rays of sunshine ushered in 2020, New Zealand should also have been entering its peak rental season. The beginning of the year is a busy period for international students returning to study and new migrants arriving. Rental homes in major New Zealand cities, particularly those near city centres and universities, usually face demand exceeding supply. However, the outbreak of COVID-19 cast a shadow over the start of 2020.
In 2020, the COVID-19 pandemic caused a global recession, leaving industries struggling across the board. Share markets, however, fell before rebounding. After the Nasdaq index reached a record high, China's A-share market also began showing signs of a bull market after years in the doldrums, finally breaking through 3000 points and surging past 3400 points, a gain of more than 15%. New Zealand's share market has also lived up to expectations, looking set to regain its pre-pandemic high in July. Suddenly, everyone is talking about shares and money, and a nationwide share-trading frenzy seems to be emerging once again. So what exactly are people trading on when they trade shares?
The views expressed in this article are general responses to interview questions and do not relate to any client or case represented by Gary Hughes. Every case is unique, and you should seek legal advice tailored to your particular circumstances. This article was originally written in English, with the Chinese translation provided by Christina Wang. If there are any discrepancies between the Chinese and English texts, the English version prevails.
Whether it is a complex issue only specialists can understand or a housing question that affects everyone, if you care enough to ask, YIJU New Zealand will find the right professionals to give you clear, thorough answers.
After a brief market lull and a 5%–10% fall in house prices, pessimism pervades the property market. My prediction, however, is quite the opposite: I believe New Zealand's property sector may be heading for one final major boom.
With the impact of COVID-19 on New Zealand's economy still highly uncertain, property market activity and price movements seem to have become a barometer, with every forecast and statistic stirring emotions. Puzzlingly—or perhaps reassuringly—more than three months have passed since New Zealand entered its 33-day lockdown on 26 March, yet the figures and conclusions in housing market reports remained relatively positive, at least through the end of June.