10 Dec '11, 3pm

Two groups seen to gain from new property curbs

Two groups seen to gain from new property curbs

SINGAPORE: As the property market reels from the shock of new curbs to cool prices, some market watchers say two groups will stand to benefit the most. They are the mass market condominium developers and Singaporeans who are buying their first private property or upgraders. Meanwhile a check on the showflats on the first weekend after the new property curbs took effect showed mixed scenes. While some showrooms were quiet on Saturday, others like the one for the Palette at Pasir Ris saw a steady flow of potential buyers. Is the quiet scene a sign of the lull that property watchers have predicted in the wake of the new curbs to cool the market? It depends, as it is now the December school holiday period, which is usually quiet on the property front. Nevertheless, property watchers expect many to adopt a wait-and-see approach in the wake of the new measures. But one group app...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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