Sky high: The crux of today’s housing woes is high house prices and low household income. Some developers have lowered prices, but the move is not enough to support demand while raising income will take time.
It is left to be seen if crowdfunding will be the panacea
AMONG the property-related measures in Budget 2019, the attention grabber has been the property crowdfunding platform. The government’s willingness to explore technology-enabled platforms as an alternative source of financing for first-time house buyers generated strong emotions.
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