Reported 7 months ago
On June 13, 2024, the Central Bank implemented the sixth wave of property market controls without raising interest rates. Yung Ching predicted that property prices and transaction volumes would likely continue to rise in the second half of the year. Despite concerns over overheating in the housing market, the decision to maintain interest rates was seen as insufficient to cool down the market. Yung Ching mentioned that the selective credit control measures by the Central Bank mainly targeting specific areas may have limited impact on the market overall, with larger impact expected on those purchasing pre-sale properties facing upcoming settlements. The article advises caution in investment decisions related to the property market amid these developments.
Source: YAHOO