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

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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

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