The New Zealand government had to mend bridges and have a clear stance on foreign investment, he said, also pointing to the country's move last year to ban most foreigners – except Singaporeans and Australians, due to FTAs – from buying homes. This came on the back of numerous reports of wealthy Chinese outbidding locals on home purchases, with Chinese real estate website Juwai.com saying mainland Chinese bought US$1.5 billion worth of residential real estate in New Zealand in 2017, reports South China Morning Post (17 February 2019).
