Will the new 4% BSD affects buying new launches ?

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Will the new 4% BSD affects buying new launches ?

Post by PropertyNew.co » Fri Feb 23, 2018 6:43 pm

Singapore's budget 2018 has announced for the Buyer Stamp Duty to increase from 3% to 4%. However it only affects properties that are $1million dollars and above. However the new change is negligible after much comparison.

Some say that new launch projects that will be launched in 2018 will be slower this year. New projects like The Verandah Residences that is coming up soon at Pasir Panjang Road.

Pasir Panjang has been the new favourite by developers. As freehold land is scarce not only here but through out Singapore. The recent trend is to enbloc older developments to make way for new vibrant ones. So buying properties are one way to keep your money working for you. Holding power is a must and it is not an overnight of striking it rich.

The Verandah Residences are coming soon. With available units from 1 to 4bedrooms in this 170 unit development with facilities.

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