Sensitive Land Sale Approved in Exchange for Tech Donation
A sensitive land purchase in Central Otago was green lit by the Overseas Investment Office, on the basis the foreign buyers would donate $100,000 to the local high school. David Chuang and Lim Mee Len, of Singapore, bought the Arrowtown property, with the condition the donation was paid to ‘provide financial assistance or hardship allowances for students’ at Wakatipu High School. It’s believed the decile 10 school will use the funds to help parents buy i-pads and laptops. Wakatipu High School Foundation Chairman, Mark Taylor, explains.