Private Home Sales Rise 81.8% With Kingsford Waterbay Topping The Sales Chart
New private home sales surged last month to a near-four-year high as developers put more projects on the market and relaunched others to meet increased demand following the Government’s move to ease some property cooling measures according to The New Launch Collections, Jason Oh
Singapore, Singapore – June 11, 2017 /MarketersMedia/ —
Urban Redevelopment Authority (URA) data released recently showed an 81.8% surged in new home sales, and the highest since June 2013, when 1,806 new homes were bought.
The demand pick-up has led developers of numerous previously launched projects to confidently release more units for sale at Kingsford Waterbay.
According to The New Launch Collections Project Consultant Jason Oh, Kingsford Waterbay will be available for purchase immediately through Jason at +65 8222 2255
Analysts said the easing of the Seller’s Stamp Duty (SSD), effective for properties bought on or after March 11, boosted new home sales. Home owners now have to wait three years instead of four before selling their properties to avoid paying the SSD, and the rate was reduced by four percentage points for each tier.
The TDSR was also eased, with the 60-per-cent threshold no longer applicable to mortgage equity withdrawal loans with loan-to-value ratios of 50 per cent and below.
Contact Info:
Name: Jason Oh
Organization: The New Launch Collections
Phone: +65 8222 2255
For more information, please visit http://www.thenewlaunchcollections.com/
Source: MarketersMedia
Release ID: 206037
Copyright © 1999-2013 SproutNews.com
