Developers plan 280 luxury apartments in Sydney to tackle housing shortage

Developers in Sydney have announced plans to construct 280 luxury apartments in Pyrmont under a state-backed scheme. The Minns government's $1 billion plan aims to guarantee up to 50 percent of off-the-plan dwellings, addressing significant housing shortages. Planning Minister Paul Scully emphasized the urgency, stating, 'NSW needs new homes sooner.'.

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