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

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