Chinese coronavirus shutdown could cause apartment prices to increase | ABC News

As the Chinese shutdown of some factories and businesses continues, businesses in Australia relying on Chinese imports of building material are warning of economic shocks.

Building materials such as window frames are relied upon by companies like Crown Group, which builds luxury apartments in cities like Sydney, Melbourne, and Los Angeles.

Crown Group Chief Executive Iwan Sunito told ABC business reporter Sue Lannin supply shortages could delay construction and pass on extra costs to customers in popular areas.

Read more of the ABC’s coverage of the coronavirus crisis here:
https://www.abc.net.au/news/story-streams/coronavirus/

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https://www.abc.net.au/news/business/

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