Monday, December 12, 2011
Property sector update
Here is a report by Kim Eng Research about the latest implementation of additional buyer's stamp duty (ABSD) in the Singapore property market.
Kim Eng is expecting a drop of 10 - 20% in mass-market home prices next year due to the new cooling measure.
But what we find most interesting about the report is the list showing foreigner as a percentage of total buyers for selected new projects - these range from 2% for The Greenwich to a whopping 56% for Silversea!
Click the link below to read the full report:
http://www.scribd.com/fullscreen/75444842?access_key=key-jez0skaiifz11m92z52
.
Kim Eng is expecting a drop of 10 - 20% in mass-market home prices next year due to the new cooling measure.
But what we find most interesting about the report is the list showing foreigner as a percentage of total buyers for selected new projects - these range from 2% for The Greenwich to a whopping 56% for Silversea!
Click the link below to read the full report:
http://www.scribd.com/fullscreen/75444842?access_key=key-jez0skaiifz11m92z52
.
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