Banks, Reits among counters poised to benefit from Budget 2022

BUDGET 2022 saw a range of measures - some expected, some less so - with varying impact from sector to sector.

Where the property sector is concerned, the increase in property taxes on the whole will likely have a marginal impact on demand for homes as the residential market is expected to be largely supported by first-time buyers this year.

The revisions are also framed in a manner that places a bigger burden on luxury and investment properties, but high net worth individuals shelling out big bucks for swanky homes arguably should be able to stomach the higher taxes.