Higher seller’s stamp duty a warning shot to speculators but unlikely to cause market distress
Suburban condos see highest sub-sale activity in recent spike due to pandemic construction delays and steep rise in home prices since 2020
[SINGAPORE] Changes in seller’s stamp duty will make it harder to flip a property for profit in a short time, but are unlikely to have much impact on prices or volume in Singapore’s residential market, analysts said on Friday (Jul 4).
Nevertheless, the timing of the move was not lost on market players, coming ahead of a third-quarter season crowded with new launches.
Up to 11 projects with some 5,400 units are slated to be marketed in coming weeks.
TRENDING NOW
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry