Radio NZ has
reported today that Singapore has been exempted (along with Australia) from the Coalition Government's "overseas buyers' ban", with changes being made to the Overseas Investment Amendment Bill. Radio NZ states "
Australian and Singapore citizens and residents would therefore be treated the same as New Zealand citizens and permanent residents, for the purposes of the foreign buyer ban."
The reason why I have posted this was because when I heard this I also recalled a
Politik article from last April in which the author (respected senior journalist Richard Harman) wrote "
there has been a standoff with Singapore since October last year over the Government’s proposed ban on foreign house buyers" (October was when the new Coalition Govt was sworn in) and this appeared to be delaying the agreement between Singapore and NZ to base some of their F-15SG multi-role fighter aircraft in NZ.
Incidentally
Politik featured a more comprehensive article yesterday (prior to the NZG announcement today) on this very issue: "A plan to base a Singaporean air force jet fighter squadron at Ohakea appears to have stalled under the Labour Government".
However from what has been reported today from Radio NZ suggests that Singapore's investment concerns have been resolved, hopefully paving the way forward for an announcement soon on whether Singapore's F-15SG's will be based in NZ (or not).
Note though from that second Politik article link (yesterday's article), the DefMin states "
... there is more work to do", so perhaps an announcement may still be some weeks away.
I think the concern that Politik speculates about
"It's not clear why the coalition Government is reluctant to progress the Ohakea proposal. It might be objections to having a fighter squadron based in New Zealand, it might simply be the economic issues that Mark talked about", personally I don't think objections to having an overseas fighter squadron is the issue (they are not as ideological as the previous Labour Govt, who were ex-1960's protest movement era politicians), more like the issue are new infrastructure costs to be found (in the short term), however I wonder if NZ First succeeds in gaining Cabinet approval for the P-8 purchase then perhaps that forms a piece of the infrastructure development puzzle for Ohakea airbase (for both the P-8 and F-15SG's). I guess we shall have wait and see how things pan out, but potentially things are looking somewhat more positive albeit one more hurdle to face.