Christine Sun’s Post

Residential land sales between the government and developers in the Greater Bay Area plummeted by 74 per cent in the first eight months of the year, with only 41 transactions recorded compared with the same period last year, when deals worth around RMB133 billion (MOP150 billion/US$18.7 billion) were completed.

Residential land sales between the government and developers in the Greater Bay Area plummeted by 74 per cent in the first eight months of the year, with only 41 transactions recorded compared with the same period last year, when deals worth around RMB133 billion (MOP150 billion/US$18.7 billion) were completed.

A notable growth in land transactions and particularly residential land plots was recorded during 2023 demonstrating the effort of the private sector to boost supply of residential units in order to alleviate the demand and supply imbalances that the market has been experiencing in the past years. 🔗 Learn more: https://pwc.to/3uQv4ec #PwCCyprus #RealEstate

🗺️ No land in sight 🚫 📉 In the southern property market, the land segment had an absorption rate of less than 10% in the second quarter, according to market researcher DKRA Group. 🧮 Data from the company shows that of the 561 new units that entered the market, only 49 were sold. 🗓️ Real estate trading platform Batdongsan said the demand for land in southern provinces declined significantly last quarter from the first three months of the year. 🔎 A recent survey of 1,000 land brokers conducted by the site found that only 21% completed more transactions, down 4 percentage points from the first quarter, while 29% reported the opposite, up 10 points. 🗣️ Dinh Minh Tuan, southern regional director of Batdongsan, said the land market is cooling down after a brief rise in demand earlier this year. ❓ The jump in land transactions in the first quarter was due to some large developers hoarding properties ahead of the amendments to the Land Law, which is expected to increase land prices once it takes effect in August, he explained. 💰 After the first quarter many landowners also began to hike prices or stopped selling in anticipation of the price rise, resulting in fewer transactions, he added. 👉🏼 Analysts expect demand to recover by mid-2025 and remain high for an extended period since land is one of the more preferred assets in Vietnam https://lnkd.in/gtWz7Pks

Watch Today's Real Estate Updates & Tips Toronto's Proposal for a Foreign Buyer Tax to Curb Speculation #realestateToronto #gta #realestategta #torontohomestaging #torontorealtor #torontorealtors #mississauga #torontostagers #torontorealestate #gtahomes

What is real estate allocation? Real Estate Allocation means the process used by the Government or Estate Developer for the distribution or delivery of a land or housing estate as a right of occupancy or lease to an individual or a group of persons or organizations who have completed payments for both estate, and mandatory statutory fees. There is nothing like hidden charges as used by some real estate prospective buyers. They are simply called statutory fees and these fees are legal, and customary when a land property is purchased in order to make the transaction legal in the eyes of the government, thereby positioning the buyer for a valid allocation immediately after the processing of his survey plan, and deed of assignment documents which shall be handed over to the new buyer or his authorized representative on, or before the allocation day. Estate Video: https://lnkd.in/dhaTbHe4 Estate Guide Videos: https://lnkd.in/dUtcUiPC Website & Contacts: https://lnkd.in/dsZpVtAQ

[Navigating Land Purchase: Tips for Nigerian Buyers] Investing in real estate, particularly land, is a significant step towards securing a stable financial future. In Nigeria, . . . https://lnkd.in/gtRnVN39

Pierre Poilievre introduces the 'AXE THE SALES TAX' proposal aiming to enhance homeownership accessibility for middle-income Canadians and stimulate new construction. To maximize its benefits for buyers and prevent price inflation, a comprehensive strategy addressing housing supply constraints, affordability, and regional pricing differences would be crucial. Watch the video to learn more and make an informed decision. #HousingMarket #Homeownership #CanadianEconomy

If you’re wondering what percentage of Australian properties are bought by foreign buyers in any given year, the answer is – not many. The latest Treasury data on foreign investment reveals that, during the 2022-23 financial year, there were 5,360 residential real estate purchases with a level of foreign ownership. By comparison, buyers of all kinds make about 500,000 purchases in any given year, which means foreign buyers represent about 1% of the total. Foreign buyers are generally required to purchase new homes, to help increase the housing supply. However, they can also buy vacant land (if they build on it within four years) or established dwellings (if they're temporary residents who live in the home and then sell it when they leave the country).

The NAR 2023 Land Market Survey is out. Here are the headlines: 1. Land sales rose 1.2% in 2023 2. Land value rose to 18.6 trillion, up from 17.2 trillion a year ago 3. Most land is purchased in under 60 days #hoponthelandwagon, #realestate, #realestateagent