| The nation’s housing market is likely to remain sluggish in the current quarter and beyond amid a gloomy economic outlook and because the new luxury tax has yet to trigger a price correction, a government survey showed.
“Prospective home buyers will remain on the sidelines as the presidential election and Europe’s sovereign debt crisis unfold,” Chang Chin-oh , a land economics professor at National Chengchi University who was commissioned by the Construction and Planning Agency to conduct the quarterly survey, told a media briefing...............................................Full Article: Source
|