Property agents and developers were rushing yesterday to stop jittery buyers from backing out of deals and calming fearful sellers about where prices might head in the wake of the new cooling measures.
Some agents said they were rushing to find alternatives for local and foreign buyers to acquire homes late into Wednesday night before the new measures kicked in the next day. Others said deals were falling through in the first few hours after the new stamp duty was imposed.
They have also been flooded with calls from customers concerned about how the new measures might affect their decision to either buy or sell properties.
