Successful property transactions in the first quarter of this year decreased by 60 per cent from the same period last year, according to the Ministry of Construction (MoC)’s quarterly report on the domestic real estate market released on Thursday.
Property transactions have not been beset by the usual gloom in this year’s “Ghost Month” as both local developers and home buyers have gradually changed their attitudes.
Despite local taboos associated with buying houses in the seventh month
of the lunar calendar, property transactions have not seen the usual
lull this year.
