41581 (2025). Arena Williams to the Minister of Housing

Written Question

Published date: 11 Sep 2025

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	41581 (2025)
Question asked:	26 Aug 2025
Member asking:	Arena Williams
Portfolio:	Minister of Housing
Minister replying:	Hon Chris Bishop
Answer received:	07 Sep 2025
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_41581_2025
Document guid:	0261fa8d-7129-4ea0-830d-c7165716bee7

41581 (2025). Arena Williams to the Minister of Housing: What specific criteria or methodology did Kāinga Ora use to justify accepting $1.04m for the Dixon Street Flats, when the property’s most recent rating valuation was $18.9m?

Hon Chris Bishop: Kāinga Ora - Homes and Communities advises me that the rating valuation is not a market valuation and does not align with the valuation Kāinga Ora received. Kāinga Ora considered the ongoing holding costs and risks when considering the purchase price.