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Developers weigh deferring new launches, offering discounts after ABSD hike: NUS poll

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Jessie Lim

Jessie Lim

Published Wed, May 31, 2023 · 01:00 PM
    • About 70 per cent of the poll’s respondents expect residential property in the CCR to bear the brunt of the new measures.
    • About 70 per cent of the poll’s respondents expect residential property in the CCR to bear the brunt of the new measures. PHOTO: BT FILE

    DEFERRING new launches, offering discounts and building smaller apartments are some possible strategies that real estate sector players expect to see as developers adjust to the increase in Additional Buyer’s Stamp Duty (ABSD), a National University of Singapore (NUS) survey has found. 

    The survey, conducted by NUS Real Estate, sought the views of between 30 and 40 senior executives of real estate firms, of which there were about 20 developers. NUS Real Estate represents the Institute of Real Estate and Urban Studies and the Department of Real Estate.

    Figures provided to The Business Times on Wednesday (May 31) showed that 53 per cent of the developers surveyed said the deferment of new launch projects was a possible strategy the industry may adopt. 

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