Reported 12 months ago
On June 28, 2024, the sales performance reports for June from the top five real estate agencies were released, showing a slowdown in property sales mainly due to supply shortage. Although the market appears to remain active, there are signs of a decrease in monthly sales growth rates ranging from -11% to 5%. Experts believe that the housing demand remains strong but the supply is limited, leading to a cooling trend. They predict a convergence in price and sales growth in the second half of the year. Measures to control the market by central authorities have been cautioned, advising potential buyers to assess their financial capabilities before purchasing to avoid unexpected policy changes.
Source: YAHOO