Reported 7 months ago
The demolition of a funeral hall has officially started, and based on actual transaction records, property prices in the surrounding area have risen by 19.7% in the past three years. Despite the uncertainty of its future use, real estate prices have already surged. Experts point out that while the demolition has been known for years, many transactions already occurred before, leading to a peak in 2022-2023. The trend of decreasing transactions but increasing prices is observed this year, with owners becoming more reluctant to sell. Although the demolition presents an opportunity, the impact on surrounding infrastructure is still uncertain, making it crucial for prospective buyers to evaluate carefully before entering the market.
Source: YAHOO