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Landed property sales 'buoyed by pent-up demand'

RealStar Premier MD also attributes recent pick-up in such deals to anticipated changes in ABSD

Prisca Ang

Published Tue, Jun 2, 2015 · 09:50 PM

Singapore

SALES of landed properties appear to have picked up in recent months, and could climb further amid the pent-up demand and anticipated changes in the additional buyer's stamp duty (ABSD), according to RealStar Premier Group managing director William Wong.

He was speaking to the media at the launch of RealStar's showroom and sales gallery for premium landed property on Tuesday.

The implementation of the Total Debt Servicing Ratio (TDSR) and other cooling measures saw the number of transactions falling up to 50 per cent towards the end of 2013, especially among bungalows and…

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