US$10.9 billion is set to pour into New Zealand, thanks to the recently revealed Qualified Domestic Institutional Investor (QDII2) scheme, which will allow qualified individuals from 6 Chinese cities to invest more overseas, reports the New Zealand Herald (23 June 2015). According to Juwai.com Co-CEO Andrew Taylor, an estimated US$11 billion of new Chinese money is expected to surge into the Kiwi property market following this pilot program. "That's based on wealthy Chinese investing 10% of their assets into international property, including commercial. It's also based on New Zealand getting about 3.3% of that property-specific investment, as it has in the past,” says Taylor.
