And the financial and property collapse continues.
The collapse of the $450 million Kensington Park housing project at Orewa, Auckland will see a whole load of investors lose most of their money. Also it is likely that the collapse will take many other businesses with it.
One man who might be a little uncomfortable about Kensington Park falling over is NewstalkZB's Leighton Smith. Smith, a staunch supporter of the 'free market' and climate change denier, was paid to promote the housing project on-air.
Bt if he is feeling uncomfortable Smith isn't showing it. In fact he's been claiming on his show that Kensington Park was still a good investment! Work that one out...
On the subject of housing projects falling over, keep an eye on the Pegasus Town project, presently under construction north of Christchurch...
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