08 Jul '18, 9pm

Singapore real estate cooling measures prompt property panic-buying

The government has announced that tomorrow (6/7) there will be increased stem duties and many properties are hurrying to sell to the public before the revised policy (pre launch sales). Many were eager to get their new homes before noon to avoid the cooling measures. These include Riverfront Residence, Park Colonial and Stirling Residences. Channel 8 News journalists were at Park Colonial’s showroom Woodleigh MRT the night before and witnessed that the entire road was jammed, and the public had to queue to enter. The Stirling Residences and Park Colonial was supposed to open sales only on 14 July. According to a property agent (林欣霓 – I don’t know how to translate her name) mentioned that Park Colonial had a long queue since around 8pm and agents had flocked to the showroom upon hearing the news and about the crowd. At around 9pm, the crowd was still waiting as some admin w...

Full article: https://alvinology.com/2018/07/09/singapore-real-estate-c...

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