23 Oct '14, 4am

Good time to buy luxury property: analysts

Comment E-mail to friend Bookmark & Share With luxury home prices in Singapore continuing to fall, now could be a good time for home buyers to make a big ticket purchase. Here’s what analysts have to say. According to Alice Tan, Research Head at Knight Frank’s Singapore office, the prime segment of the property market has been significantly affected by the government’s slew of cooling measures. “The 15 percent Additional Buyer’s Stamp Duty (on top of the 3 percent stamp duty) imposed on foreign home buyers – who form a significant proportion of the luxury home buyers’ market, has led to transactions falling by more than half, and therefore affected prices,” Tan said in a recent interview. She was quoted saying in a media report that luxury properties located in the Core Central Region (CCR) have seen five consecutive quarters of price declines. And analysts expect prices i...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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Sharing his thoughts on areas that property seekers should look at, Thomas Tan, Director of RE/MAX Singapore said, “There ...

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Sharing his thoughts on areas that property seekers should look at, Thomas Tan, Director of RE/MAX Singapore said, “There ...

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