To boost sales in the second half of the year, most of the property firms have launched promotional campaigns andare collaborating with strategic partners to offer additional benefits to the purchasers. Though there is a scope for newdevelopments, it will be challenging as the demand is driven by end user purchasers. However, the introduction of thenew land tax, which will be effective in 2020, is expected not to have any material effects on condominium buyers asthe tax charge is not that much.