Property Counters Reel From Lacklustre Budget Announcement

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.