BFM 89.9
The Business Station
Property Counters Reel From Lacklustre Budget Announcement
6 mins·09:20, 28 Oct 2016
Property Counters Reel From Lacklustre Budget Announcement
6 mins
·
09:20, 28 Oct 2016
·
Recommended
43 mins
Whilst Budget 2017 was lauded for its progressive measures in terms of providing low-cost housing, many also felt it was a let-down, especially listed property developers who were looking for more stimulus to prop up the market. Negative surprises include an increase in stamp duties from 3% to 4%, as well as the absence of any easing in lending policies for home buyers.
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