Max Key reveals new property development company after first home sale
The 26-year-old revealed on social media that he had just completed his first project - the construction of three houses in Auckland.
Wow... 18 crazy months! After a much needed break from social media, I thought I'd jump back online to share what I've been up to. Some of you may already know, but I've been working hard in the background. my latest development with my new MTK Capital venture," Key wrote on Instagram.
"They said the first project was always a challenge and boy were they right! But after hours of blood, sweat and tears filled with anxiety, I can proudly say we've sold our first development and grown into things bigger and better.
“As a reflection, this project not only taught me about the intricacies of the industry but also the qualities within me. Thanks to all the contractors, family and friends who have supported us throughout this time, I can't wait to see what the future holds for MTK. Capital! Forward and up!"
Key's father, former Prime Minister Sir John Key, is listed as an Inactive Director of MTK Capital on the OpenCorporates website.
It comes as new data showed house prices rose again in November as demand continued to outpace supply.
The national median house price rose a seasonally adjusted 23.8 percent in the past 12 months to $925,000. The national average price excluding Auckland is $775,000, an increase of 26 percent on last year, according to data from The Real Estate Institute.
Key's father, former Prime Minister Sir John Key, is listed as an Inactive Director of MTK Capital on the OpenCorporates website.
It comes as new data showed house prices rose again in November as demand continued to outpace supply.
The national median house price rose a seasonally adjusted 23.8 percent in the past 12 months to $925,000. The national average price excluding Auckland is $775,000, an increase of 26 percent on last year, according to data from The Real Estate Institute.