Property tycoon Ron Hoy Fong. Photo: Facebook

New Zealand property tycoon Ron Hoy Fong to be prosecuted for ‘bid rigging’ and ‘cartel conduct’

  • Fong is a third-generation New Zealand-born Chinese, according to his company website. By 2017, he owned 34 investment properties worth NZ$25 million (US$16.5 million)
  • New Zealand has in the past decade endured a housing affordability crisis, driven by low interest rates, limited stock and purchases by wealthy immigrants
Topic |   New Zealand

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Property tycoon Ron Hoy Fong. Photo: Facebook
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