01 Apr '17, 5am

Promising 2017 for luxury condo market

While market watchers have been busy bantering over the direction of the high-end non-landed market, they have failed to, or at least not openly discussed, why ultra-sophisticated buyers are taking a fresh position in the high-end residential market here. Although returns from a sample of developers' weekend sales suggest that market sentiment improved after the government's surprising tweak to the seller's stamp duty and recent enhanced deferred payment schemes offered by developers may have uplifted sales in certain projects, in general, buyers may still need some convincing for them to overcome their inertia. After all, many who buy into the luxury end of the market are either overseas nationals or locals buying for investment, for whom the main stumbling block to a transaction is the high additional buyer's stamp duty. As this raises the cost of entry, marketing strate...

Full article: https://www.srx.com.sg/singapore-property-news/35052/prom...

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