Whether successive decrease in Price can bring the cost of house back into the line affordable
In the lastest quarter, private property market has got higher-than-expected growth in Home vacancy rates peaks at 7.9 percent in past 10 years and a choppy increase in condo vacancies revised up to 9.1 percent from 0.7 percent.
Meanwhile, the price of landed and non-landed home collapse consecutively 1 and 1.1 percent in the quarter. There is a somewhat same situation with house price in suburb as well as Central Region and outskirt that fall slightly by 1.1 and 0.6 percent.
However, this constant decline, as The Government reported, is "really not all that much", and it's not the right time to apply any cooling measures.
The overwhelming completion of projects in the north-east region and vacancy rates rise gradually before occupation account for the foresaid fluctuation in price and volume of home. Consequently, the pressure will be put on rentals, in contrast, there is a favorable shiftment to renters.
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