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53% of apartment buildings registered from July 2018 to June 2024 reported serious defects in common property. Waterproofing defects were found in 44% of buildings and fire safety system defects in 28%. For 74% of buildings with serious defects, insurance had been affected, and 60% faced higher premiums. Owners' corporations reported spending $45 million on serious defects, an average of $215,400 per building to date.
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