21 Feb '18, 1am

Budget 2018: $4.7 billion in stamp duties last year

Budget 2018 has been released. How did the real estate industry perform last year? Are there any changes from this year’s budget affecting the real estate market and if so, what do these changes hold? $4.7 billion collected in stamp duties last year The property market performed well last year, chipping in $4.7 billion in stamp duties . The original estimation was $2.7 billion. Last year’s better-than-expected performance from the property sector has played a big part in generating 2017’s Budget surplus. Parc Rosewood Prices of properties, both private condominiums and resale HDB flats , are now more affordable, creating a demand for properties in both the primary and secondary markets. Sellers and developers have found the consumer sweet spot of $1 million as the palatable total quantum. More public housing subsidies to encourage caregiving and community living Singles ma...

Full article: https://www.iproperty.com.sg/news/budget-2018-4-7-billion...

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