The number of second-hand residential units for sale nationwide dropped in the third quarter last year as the expiration of two property measures -- a cut in transfer and mortgage fees and the easing of loan-to-value (LTV) limits -- occurred at the end of 2022.
Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the decline could possibly be attributed to an increase in second-hand home transfers during the period.
"The number of second-hand homes transferred in the third quarter of 2022 increased from the first and second quarters," he said. "It was also 15% higher than the third quarter of 2021."
