There’s a disparity between sellers and buyers.
According to Knight Frank, in view of the recent property measures, investor appetite for property is expected to wane.
Generally, property owners are less willing to lower their asking prices due in part to higher transaction costs arising from the Seller’s Stamp Duty.
Prospective buyers are more discerning in light of the Additional Buyer’s Stamp Duty (ABSD), lower loan-to-value ratios and the recent TDSR ruling.
These circumstances have led to a disparity in price expectation between the buyers and sellers, especially in the residential sector.