28 Mar '16, 9am

Govt can't please everyone: Property mkt watchers unhappy about lack of goodies in Budget.

The government has repeatedly emphasized that it’s too early to review the property curbs. Some prospective property buyers are unhappy over the lack of any measures in the recently announced budget to help Singapore’s sluggish housing market, reported The Straits Times . Singaporean businesswoman Leena Ganesan, 41, and her husband who is a permanent resident, were upset that the authorities did not repeal or ease the Additional Buyer’s Stamp Duty (ABSD), as they were considering the purchase of a two-bedroom condo. “We have put our investment plan on hold now for two years. If we don’t see anything moving in the next one year, we may invest in India instead,” said Ms Ganesan, who lives in a landed cluster home in Bukit Timah, which she purchased for $3.05 million four years ago. According to experts, if the government had relaxed some of the curbs, people like Ms Ganesan ...

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

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