Reported over 1 year ago
The Average Land Rights Act, known as the strongest anti-property speculation law, has been in effect for almost a year with only 5 reported cases under the reporting reward system, suggesting that the rewards may not be attractive enough amidst the housing market frenzy. The law aims to encourage whistleblowing on property speculation practices but has seen limited success due to lack of concrete reports. Despite the law's intentions, the market remains active with the public rushing to purchase properties, highlighting the challenges in enforcing anti-speculation measures effectively.
Source: YAHOO