Prime areas lead slide in private home prices in Q1
The Core Central Region has been hit harder than other segments by July 2018's ABSD rate hike
Add BT as a preferred source
Singapore
APARTMENTS and condos in the prime areas or Core Central Region (CCR) led declines in private home prices in the first quarter of this year.
Compared with the other submarkets, CCR has been the hardest hit by last July's hike in additional buyer's stamp duty (ABSD) rates, which impacts investors and foreigners more severely, points out JLL senior director of research and consultancy Ong Teck Hui.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Apex court dismisses almost all of the appeals by Envy’s ex-employees over S$38 million of clawbacks
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore Airlines plans debut 5-year dim sum bond
