A significant reduction of 3% to 11% in Land Betterment Charges (LBC) for residential, non-landed usage has been observed. The decrease is expected to relieve financial burdens on property owners while stimulating the housing market. This move comes as a respite amidst ongoing economic challenges, offering opportunities for prospective buyers and promoting economic growth in the real estate sector.
In a surprising turn of events, the ticket sizes for CCR (Core Central Region) condos have witnessed a significant decline of 20% within a mere 5 months. This unforeseen plunge has raised eyebrows within the real estate industry, leaving experts questioning the causes behind this unexpected trend. Is this an opportunity for prospective buyers to acquire prime properties at a more reasonable cost? Or does it signify a potential slowdown in the luxury property market? Only time will unravel the implications of this startling price drop.