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LNP - Housing prices soar by 20%

28 Apr 2021 By Tyronne Jayamanne Local
LNP - Housing prices soar by 20%

Lower interest rates have pushed the demand for housing loans up, resulting in housing prices soaring by over 20% from the 2Q 2020 level which is in stark contrast to apartment and land prices. Higher cost of construction triggered by the import controls may also be keeping the house prices buoyant.

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