There has been a 5.7% drop in property sales in the first quarter of 2023 and the increase in the overnight policy rate has been cited as one of the reasons for the decline.
“The hike in cost will most likely be passed on to home buyers which may result in higher house prices and there will be fewer discounts or promotions,” Tan told FMT. Only 89,000 units of property were bought and sold in this period, while only 4,700 new units were launched, fewer than in the previous quarter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-Musk's Neuralink valued at about $5 billion despite long road to market(Reuters) - Elon Musk's brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter.
Source: staronline - 🏆 4. / 75 Read more »
Khazanah invests in PolicyStreet to enhance protection for Malaysia's underserved marketKUALA LUMPUR, June 6 ― Khazanah Nasional Bhd recently led a Series B fundraising round of a Malaysian home-grown insurance technology (insurtech) company, PolicyStreet,...
Source: malaymail - 🏆 1. / 86 Read more »