The Overseas Investment Office approved Samoa’s application to buy 49 and 51 Norana Ave. Favona for $2 million (US$1.2 million)
Norana Ave. is a cul-de-sac at the end of a peninsula jutting into the Manukau Harbor.
Young Hui Liu of New Zealand sold the 1.7 hectares.
The land is classified as being of a sensitive nature so special approval was needed.
“The applicant intends to acquire the land to build a consular residence,” the OIO said.
Only six applications were approved by the OIO in June.
Last week, the office released its June decisions and said it had approved 68 foreign deals so far this year.
The June approvals involved 25 hectares of land.
In the first six months of this year, foreigners got approval for deals involving 13,499 hectares of land.
Fletcher Concrete and Infrastructure, 33 percent Australian, got approval to pay Joy Calway $2.2 million for 19.7 hectares of land to establish a buffer zone around its Hunua Quarry.
Britain’s Tomcat Holdings got consent to buy 2.4 hectares of land at 140 Gills Rd at Point Ridge Albany from New Zealand’s Urban Developments. The amount of money involved in the deal was suppressed.
Greystone River of the US got approval for a $5 million deal involving 8 hectares of Marlborough vineyard land.
Australia’s The South Side Trust NZ got approval to buy 4.9 hectares of Havelock North land from Kiwis Bryan and Noela Austen-Smith for $1.8 million. Martin and Michelle Bullock of Britain got approval to buy almost a hectare of land at Titirangi for $760,000.
