The Ministry of Land, Infrastructure, Transport and Tourism has finalized a policy to request measures to address soaring prices of new-build condominiums in the FY2027 tax reform. In light of the difficulty ordinary buyers face in purchasing them, the ministry determined that speculative transactions need to be curbed.
The Ministry of Land, Infrastructure, Transport and Tourism has finalized a policy to request measures to address soaring prices of new-build condominiums in the FY2027 tax reform.
The policy is based on the determination that speculative transactions need to be curbed as it has become increasingly difficult for ordinary buyers to purchase such properties.