The Business Times
business-time-50
THE LEVEL GROUND
·
SUBSCRIBERS

After The Continuum, weak take-up in any new launch will cast a pall on the private housing market 

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, May 15, 2023 · 03:00 PM
    • Risks are mounting of poor take-up in any upcoming major private housing launches, which could halt the rise in private home prices here.
    • Risks are mounting of poor take-up in any upcoming major private housing launches, which could halt the rise in private home prices here. PHOTO: BT FILE

    THE jury is out on whether the latest property cooling measures that took effect on Apr 27 might amount to much ado about nothing.

    Developers have launched new private housing projects post the cooling measures. And new homes are still being snapped up.

    With the latest measures, foreigners pay higher Additional Buyer’s Stamp Duty (ABSD) for any home purchase. Singapore citizens and permanent residents (PRs) also pay higher ABSD on second and subsequent homes.

    Singapore propertyResidential propertyResidentialSingapore residential propertyCooling measuresABSDThe Level GroundSpotlight

    TRENDING NOW

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Assets under management of physical gold holdings in DBS wealth clients’ portfolios more than doubled over the past three years.

    DBS to launch tokenised physical gold for retail customers in Singapore

    As with past tranches, the S$500 will be split equally between participating heartland merchants and hawkers, and participating supermarkets.

    S$500 CDC vouchers for all Singaporean households from June 11; Government ready to do more if needed: DPM Gan

    MenToo’s launch at Timbre+ One North brought together 12 men’s groups to discuss men’s mental health and masculinity in Singapore.

    Singapore men, are you OK?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More