when will be be tipping point in the Market

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Almost all are asking what will be tipping point in the market? The point at which a series of small changes or incidents becomes significant enough to cause a larger, more important change.
It really difficult to answer this question. However one can be certain that the aforesaid point is not far away.
This is very important point not only for the buyers but for the sellers. I think more important for the later.
Today Quetta and Bahawalpur files have dropped about 20% and Lahore DHA 10 File is also marginally low.
what should be strategy at this point.
I fell sellers should weigh their demands and be prepared to come in the market unless they are willing to hold till Next positive cycle which can be about 3,4 Years away.
Buyers who are end user can continue looking at properties which are below 1.5X hype. These properties are mostly in non DHA area and will catch up slowly to meet or reach near DHA Gains :pkf

Government mulling giving relief to Real Estate Sector

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Government mulling giving relief to Real Estate Sector

The government is examining the possibility of extending an amnesty scheme for the real estate sector, and revise excessive valuation of immovable properties. Sources told Business Recorder that the Federal Board of Revenue (FBR) however was not engaged in chalking out any general amnesty scheme covering all kinds of movable and immovable assets held domestically and aboard. However, incentives to the real estate sector may be announced under the package being finalised for the construction sector.

The government may not ask for the source of investment on legalisation of properties purchased during the last year or on fresh investment in properties.

Senior FBR officials, when contacted, did not confirm that any new amnesty scheme is likely to be launched but hinted at some incentives to be announced for the real estate sector under the government package for the construction industry.

According to well informed sources, the government has decided to provide special tax relief and incentives to businesses/industries related to construction sector in its effort to support low-cost housing projects. One of the major proposals is to reduce the excessive valuation of immovable properties in certain areas notified by the FBR.

Builders and developers have proposed to the government that overseas Pakistanis may be allowed to purchase built up properties in Pakistan on payment of 1-2 percent without asking about the source of investment. The government has finalised a simplified fixed tax scheme for developers and builders, offering a 90 percent reduction in tax for low-cost housing schemes.

The broad contours of the scheme, according to sources, include: (i) national (central) jurisdiction of developers and builders; (ii) simplified return form; (iii) income computation on “project-by-project" basis; (iv) dispute resolution committee; (v) no requirement for developers/builders to operate as withholding agent; (iv) tax rate of Rs 210 per square feet for commercial builders in Karachi, Lahore, Islamabad, Hyderabad, Sukkur, Multan, Faisalabad, Rawalpindi, Gujranwala, Sahiwal, Peshawar, Mardan, Abbottabad, Quetta, and other urban areas not specified; (vii) tax rates shall be reduced by 90 percent for low-cost housing schemes; and (viii) tax rate of Rs 210 per square feet for commercial developers (commercial plots) and requirement of independent certificate from the NESPAK.

According to the draft of the Builders and Developers Special Procedures Rules 2019, they shall apply to builders and developers, who may opt to pay income tax and furnish return under these rules. The income computed and tax payable thereon, shall be on “project-by-project" basis under the head of “Income from Business". Tax payable thereon on annual basis (till the year of project completion) shall be computed at the rates mentioned.

The rates would be applicable to compute tax liability for the project for the tax years, when the respective project was under construction. The annual tax liability on that basis shall be worked out as specified in the said rules.

Source: BusinessRecorder

https://www.google.com/amp/s/www.brecorder.com/2020/03/26/583653/government-mulling-giving-relief-to-real-estate-sector/amp/

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Is there any chance for the Property to bounce back before elections as overseas clients are coming for Eid and also tax rates will go down from 1 july

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Dear LRE
I have a 125 yd file of BAhria town Karachi ...it was not include in the balloting because at the time of buying the file was blocked due to non payment of surcharges...I fully paid all the charges and got a clean statement before the balloting yet it was not included. The BT customer care said that this file was adjusted into Dha valley Islamabad and will be given a number later on ..I want to know if there r other such cases also and when will BT allot a number to my file.

LRE News

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LRE News

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Dear Experts
How an overseas Pakistani can become a filer without having any income in Pakistan. Will appreciate if someone with first hand experience can shed some light. Thanks

Open File

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Dear LRE team,

Please explain what is an open file and is it safe to buy open file for Bahria projects in Lahore? Is paper work done in Bahria office?

Thanks

Investment Advice

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Please tell me which is better in short term vs long term to get maximum return?

Dha Multan 10 Marla (35 lacs)
Dha Bahawalpur 10 Marla (25 lacs)

Thanks

Bahria Orchard 4 Map

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Requesting LRE to please post updated and final map of Bahria Orchard 4 Lahore. I can see lots of transactions happening at Orchard 4. It would be great if experts can forecast price trend and future of Bahria Orchard 4. Thank U

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Desr LRE tesm.
Is land available with bahria for orchard phase 4. Do you think that it is safe and bahria will not repeat the case of sector F.