The proportion of private residential properties bought by foreigners and companies has fallen sharply - from about 20 per cent in 2011 to 7 per cent in the first half of this year. Short-term property speculation has also fallen sharply, as indicated by the relatively low volume of sub-sales. And private home prices moderated significantly, rising marginally by 0.3 per cent in the first half of 2012...
Property Speculation
Hasty judgments should not be made just to prevent speculative property buying I am extremely taken aback by a recent media report highlighting the negative impact the deferred payment scheme (DPS) will have on the property market. The headline “Deferred payment scheme: Up to 4,200 homes may be dumped” was used to capture readers’ attention. In the absence of concrete data and evidence, we should...