▁Mang ak ino ’ s ▁ 5 0 0 + ▁le ase hold ▁sections ▁on ▁the ▁market ▁as ▁a ▁single ▁purchase . ▁In ▁July ▁ 2 0 0 2 , ▁the ▁majority ▁of ▁the ▁town ’ s ▁sections ▁were ▁sold ▁to ▁M V ▁Properties ▁of ▁Pu ke ko he . ▁A ▁st ip ulation ▁of ▁the ▁tender ▁was ▁that ▁residents ▁would ▁be ▁given ▁the ▁first ▁opportunity ▁to ▁purchase ▁their ▁perpet ually ▁le ased ▁sections . ▁The ▁land ▁valu ations ▁that ▁had ▁been ▁exceed ingly ▁low ▁for ▁dec ades , ▁then ▁sky ro cket ed . ▁Some ▁loc als ▁chose ▁to ▁free hold ▁their ▁homes ▁immediately , ▁empty ▁sections ▁without ▁current ▁le ases ▁were ▁sold ▁on ▁the ▁open ▁market . ▁Many ▁residents ▁continue ▁to ▁remain ▁perpet ual ▁le ase hold ers . ▁ ▁The ▁local ▁M iring a ▁te ▁K ak ara ▁Mar ae ▁and ▁Te ▁Wh et ū ▁Mar ama ▁o ▁Ng ā ▁T au ▁o ▁H ina wa ▁meeting ▁house ▁are ▁a ▁meeting ▁place ▁of ▁Man ia p oto ▁and ▁R ere ahu . ▁ ▁Education ▁ ▁Mang ak ino ▁Area ▁School ▁is ▁a ▁co - ed uc ational ▁Year ▁ 1 – 1 3 ▁state ▁area ▁school , ▁with ▁a ▁roll ▁of ▁ ▁as ▁of ▁ ▁Notable ▁residents ▁Prom inent ▁former ▁citizens ▁of ▁Mang ak ino ▁include : ▁Will ie ▁Api ata ▁V C , ▁who ▁was ▁born ▁there ▁in ▁ 1 9 7 2 ▁ ▁Mike ▁R ann , ▁Australian ▁Amb assador ▁and ▁former ▁Labor ▁Premier ▁of ▁South ▁Australia ▁Ron