09 Jul '18, 10pm

Amid property curbs, some en bloc attempts go on while others change tracks

SINGAPORE: While at least one collective sale bid will be launched as planned this week, others have hit the pause button or are drawing up new plans amid uncertain prospects following the surprise of fresh property cooling measures. An extension in tender closing dates is one way that some marketing agents hope will keep their en bloc sale bids alive. They also told Channel NewsAsia that homeowners’ price expectations, the size and location of sites will become increasingly important factors for collective sale attempts moving forward. Advertisement In an unexpected move on Jul 5, the Government announced a string of measures aimed at cooling the local property market and keep price increases “in line with economic fundamentals”. Apart from those aimed at homebuyers, the latest property curbs also include a non-remissible five per cent Additional Buyer's Stamp Duty (ABSD)...

Full article: https://www.channelnewsasia.com/news/singapore/property-c...

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