Luxury homes untouched by latest property cooling measures for now

Singapore

WHILE market activity in the property sector is said to have slowed after the cooling measures, demand for luxury homes has yet to dry up as some local first-time home buyers and others exempt from the Additional Buyer's Stamp Duty (ABSD) continue to transact.

Still, analysts expect to get a clearer picture of how the luxury segment of the property market will be impacted by the latest curbs after the Chinese New Year period.