Sales of Tiong Seng's 2 core central region projects hit hard by cooling measures
Add BT as a preferred source
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.
TRENDING NOW
Electricity tariff to rise significantly from July despite Iran deal: EMA
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Onitsuka Tiger pivots from Asics stripes to tap luxury market
