Sales of Tiong Seng's 2 core central region projects hit hard by cooling measures
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Singapore
THE recent property cooling measures have affected the sales of construction group Tiong Seng's 2 projects located in Balmoral and Orchard, due to the higher additional buyer's stamp duty rates for foreign buyers.
Even so, the mainboard-listed company is optimistic that the resumption of international travel, and location of the 2 properties - Sloane Residences and Cairnhill 16 - which are close to good schools and amenities may encourage more sales.
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