IT IS a good time to be a local first-time private home buyer with a budget of several million dollars. Some developers of upmarket condominiums are dangling discounts to lure home buyers.

Prices of top-selling new housing projects in the Core Central Region (CCR), such as The Atelier, Pullman Residences Newton, Leedon Green and Hyll on Holland, have slipped in April versus March.

A savvy buyer keen on a bargain may wish to focus on housing projects with unsold stock that are seeing Additional Buyer’s Stamp Duty (ABSD) deadlines looming, such as Klimt Cairnhill. Selling a unit cheaper may after all make better sense to a developer than paying ABSD on unsold stock.