Home buyers still flock to showrooms despite new property measures..A Seller’s Stamp Duty will be imposed on all residential properties bought on Saturday and sold within one year, while housing loans from financial institutions will be capped at 80 percent of property value. Will this have an impact on current demand? Well.. not quite.. It was business as usual at one property showroom on Saturday, as a steady stream of visitors checked out the units available. Sales of units at the Altez condominium — located just opposite Tanjong Pagar MRT station — are moving fast. The condominium’s developer said they could still sell an entire floor of units within an hour. Analysts expect developers to launch more high—end properties in the first half of this year. These properties typically sell at S$2,000 per square foot and attract buyers and investors who are less price—sensitive.
No comments:
Post a Comment