Reported 12 months ago
A report by SET News on July 1, 2024, reveals that despite a monthly decrease in the number of property transfers, the market sentiment remains strong without signs of decline. The six major cities' land departments reported 24,000 property transfers in June, with a 17% increase compared to last year but an 11.5% decrease compared to the previous month, indicating a slowing trend. However, experts point out that factors such as a recent peak in new property turnovers in May and fewer working days in June contributed to this decline, but overall, the real estate market sentiment remains resilient. With ongoing high stock prices, investments like the New Green Deal, and inflation expectations boosting the market, it is expected that buying sentiment will continue to be stable in the absence of drastic changes in the stock market. Various real estate professionals offer insights on the current market trends and predict a convergence of annual property transfers in the second half of the year due to factors like government anti-speculation measures and upcoming property hoarding taxes.
Source: YAHOO