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NZ house prices rise, rate hike seen on horizon

WELLINGTON: New Zealand's housing sector recovered to its best position in a year in September and the central bank said it would end some emergency support measures amid an improving economy, bolstering expectations of interest rate rises early next year, according to Reuters.

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Tokyo condo supply up for first time in 25 months

TOKYO: The number of new apartments put up for sale in the Tokyo area rose 26.2% in September from a year earlier for the first rise in 25 months, a property market research firm said on Oct 14.

According to the Reuters report, the data is a bright sign for Japan's property market, which had been hit hard as Japan was stuck in its worst recession since World War II.

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London apartments for sale along the River Thames

PETALING JAYA: Increasingly, more UK developers are eyeing Malaysian investors for their projects, and the latest is Weston Homes plc. The developer is promoting Bridges Wharf, a mixed residential project comprising three apartment towers with a total of 266 units. Unit sizes range from 450 to 2,000 sq ft and the development is said to boast state-of-the-art fittings.

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Palestinians launch US$220 million housing project

RAMALLAH, West Bank: The Palestine Investment Fund (PIF) on Oct 12 announced the establishment of the Palestinian territories' most ambitious real estate project to date, with initial capital of US$220 million (RM745 million).

The goal is to create 30,000 new housing units in the next five to 10 years, PIF chairman Mohammad Mustafa said.

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