A creative way of selling homes that is testing tax boundaries?

THE enhanced deferred payment scheme at The Peak @ Cairnhill I and II (Peak I and Peak II) offers an intriguing way for the developers to move their inventory, but it is worth asking if it goes against the spirit of stamp duties on residential transactions.

For a while now since the onset of property cooling measures, developers have tried various means to make their projects more palatable. They have more flexibility to come up with creative marketing schemes for delicensed projects - those that have received Certificate of Statutory Completion and individual strata titles issued to buyers.

Since the sales and purchase agreements for delicensed projects no longer come under the purview of the Controller of Housing, developers are able to stretch their imagination to the limits in dangling incentives for buyers under private treaties.