December 1, 2023

Cabinet to discuss easing in property brokerage bill:


This week, the cabinet is to discuss revisions to land rights and property brokerage laws with Democratic Progressive party to attach an exclusionary clause to a proposed ban on the transfer of presale housing contracts. It aims to curb short term property speculation, specifically about the transfer of presale housing contracts, which require small amounts of money and are often blamed for pushing up housing prices. The bill would then be forwarded to the legislature for review before taking effect.


What do you think will be the impact of this to different classes in the population?


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