TWO days after new property curbs kicked in to raise additio...
TWO days after new property curbs kicked in to raise additional stamp duties for some home buyers, a development in Buona Vista sold more than 200 of its 275 units at its launch on Saturday.
Among the new launches in 2023, Blossoms by the Park in Slim Barracks Rise achieved the highest take-up rate of about 75 per cent, at an average price of $2,423 per square foot (psf).
Several buyers said they were not affected by the new cooling measures, which do not apply to Singaporeans buying their first home.
Developer EL Development on Saturday said all one- and two-bedroom units, except for the two-bedroom penthouses, were fully sold.
It added that 96 per cent of the buyers were Singaporean and Singapore permanent residents (PRs), with foreign buyers making up only 4 per cent.
Tracy Ong, associate group director of Huttons Asia, said the frenzy for bookings began almost from the moment the development was launched.
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Deep SeaOP : Locals are still buying property despite cooling measiures.
我要你一鋪清袋 : Don’t just look at a single point data. Continuum did not sell as well even though it was launched before the new cooling measure!
102601667 我要你一鋪清袋: Continuum haven’t start selling yet. U mean Tembusu grand?
我要你一鋪清袋 102601667: Started!
102601667 我要你一鋪清袋: Only launch for preview only. Haven’t start sales. I am in the real estate industry.
yearofox : just need new buyers will be enough as the current cooling measure don't really impact them.
我要你一鋪清袋 102601667: So how many % sold? 30%?
102601667 : Yesterday was the first day of sales for continuum. Less than 30% sold.