11 Feb '12, 12am

(ST) More property investors drawn to non-residential units

(ST) More property investors drawn to non-residential units

At Primz BizHub (above), an industrial project at Woodlands, 30 per cent of the factory units sold have been taken up by investors. At Paya Lebar Square, investors account for 52 per cent of sales so far. Industrial and commercial properties are exempt from the additional buyer?s stamp duty but other charges apply. -- PHOTOS: OKH HOLDINGS, GUTHRIE By Cheryl Lim Think of property investment, and most people think of residential properties. But more individuals and investors are being drawn to industrial and commercial properties as an alternative place to park their investment cash. This growing group of buyers accounted for up to half of sales at some newly launched commercial projects. One factor may be that these purchases are exempt from the recently announced additional buyer's stamp duty, though other charges apply. Photo gallery Please enable JavaScript to view the c...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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