Savills, the property agency, has warned the government’s proposed measure to clampdown on land speculation will disrupt housing supply.
Last week, the Department of Housing published details of the new Land Value Sharing measure, which was first announced as part of Housing for All in 2021. The details confirmed that the state plans to take a 30 per cent cut of the uplift in value created when land is zoned for residential use.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: businessposthq - 🏆 8. / 71 Read more »