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Top Australian developer to double debt

Meriton wants to harness record low interest rates for land acquisitions

[SYDNEY] Meriton Pty, Australia's biggest apartment developer, plans to double its debt this year from about A$300 million (S$340.8 million) to buy land amid record low interest rates and soaring demand for apartments.

"I've now a lot more empty land available, and the land goes up; it's

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