13 Jul '18, 1am

Developers offering discounts to relief buyers of bite from stamp duty hikes

Not unlike some years back when the previous rounds of property cooling measures were implemented, developers are once again offering buyers discounts and rebates in light of last week’s new property cooling curbs. Developers offer discounts and rebates as a relief to cooling measures Buying sentiment in the property market has just picked up a year or so ago and with the government implementing a round of cooling measures last week, developers are worried that this positivity might be affected. The most recent round of property market curbs includes higher Additional Buyer’s Stamp Duty (ABSD) and tighter Loan-to-value (LTV) limits. And to help buyers soften the sting of the stamp duty hikes, developers are offering direct discounts and rebates. Some are even raising commissions to agents to help bring in buyers and new launches. Yet others have even included marketing age...

Full article: https://www.iproperty.com.sg/news/developers-offering-dis...

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