These kind of little tweaks to symptoms of the housing shortage are ultimately useless band aids. After a decade of stopping foreigners and corporations from buying houses, slapping the wrists of landlords who have vacant units, and mandating that the bidding process is emotionally nurturing, house prices will still be higher if there is more demand than supply.
In a world where there was enough housing supply, you would just walk away from a blind bidding auction since it's a pain, and buy a bigger house for cheaper across the street.
In a world where there was enough housing supply, you would just walk away from a blind bidding auction since it's a pain, and buy a bigger house for cheaper across the street.