18 Nov '14, 2pm

New: 6 Ways Developers Hide Project Discounts and Why it’s Bad for the Market

New: 6 Ways Developers Hide Project Discounts and Why it’s Bad for the Market

By Property Soul (Guest Contributor) To survive the cooling measures, property developers have no choice but to constantly come up with creative ways to move their units from the shelves, because buyers are a rare species. Where can they find buyers who possess all of the following? - Can afford the hefty cash downpayment of units in new projects; - Are willing to pay 5, 7, 10 or 15 percent Additional Buyer Stamp Duty; - Don’t mind holding the property for 4 years to avoid paying 4 to 16 percent Additional Seller Stamp Duty; - Can pass the TDSR test and obtain the desired percentage of loan-to-value limit; and - Have the guts to buy right now when property prices are on the way down. Developers are probably sharing the same thought: Better sell now than later. Better let go cheaper than get stuck later. But wait! They can’t rock the boat and further undermine market confid...

Full article: http://www.propwise.sg/6-ways-developers-hide-project-dis...

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