All developers in Singapore are sanguine or confident enough about Additional Buyer’s Stamp Duty (ABSD).
The developers who are tight-lipped on their marketing techniques are also confident that all of their projects will be sold out before the deadline. As you can see there are various developers in the country who are very optimistic enough about selling out all of their projects. It is because the demand for a real estate property for residential and commercial purposes have high demand. Meaning to say, there are a lot of buyers locally, nationally and internationally. This is because of the great things about the country such as transportation, places of interest, and other things. These things are needed for a great investment. And another good thing is that the government will allot budget on small businesses that will help them keep their competence in spite of economic challenges. So, if you are also planning to buy a property, you are taking the right path. But, you have to do it now because all properties are expected to be sold out before the ABSD deadline.
Michael Ng, the general manager of the Singapore Land which is sometimes called SingLand said that there are no units that will be left. And he said that there is no room for making the price of the property low. So, if you no longer see an available property, you can go for this developer because it still has projects.
The Mon Jervois and Bleu & Pollen, and Alex Residences (Redhill) will be charged of 10 percent if there are unsold units in 2017 particularly February, June, and December. However, in February 2016, Mon Jervois has 61 unsold units, Pollen and Blue for about for about 94 units, and for Alex Residences is 173 units. This means that they will be subjected to pay the 10 percent from ABSD. But the majority of the developers will sell out most of their units.
The City Development Ltd can also clear all of its units in its venture projects and at Jewel@Buangkok. The Venue Residences and the Bartley Ridge can also achieve the quota. So, they will also sell all of their units in the said projects on or before the deadline set by the ABSD.
ABSD started later 2011 that requires developers to improve their residential site they purchase, and sell all of their units within a period of time (5 years). If they will be able to enhance their residential site, and sell all the units, they will qualify or pass the ABSD remission. If they will fail, they will pay 10 percent on the land cost. Aside from that it has interest for about 5 percent annually. However, you will pay more once you buy a residential site from January 12, 2013 up to present. It is for about 15 percent.
As you notice, majority of the developers can sell all of their units before the deadline. This is because of the higher demand of many people on real estate investment in the country. So, if you want also to purchase a property, be it.
The developers who are tight-lipped on their marketing techniques are also confident that all of their projects will be sold out before the deadline. As you can see there are various developers in the country who are very optimistic enough about selling out all of their projects. It is because the demand for a real estate property for residential and commercial purposes have high demand. Meaning to say, there are a lot of buyers locally, nationally and internationally. This is because of the great things about the country such as transportation, places of interest, and other things. These things are needed for a great investment. And another good thing is that the government will allot budget on small businesses that will help them keep their competence in spite of economic challenges. So, if you are also planning to buy a property, you are taking the right path. But, you have to do it now because all properties are expected to be sold out before the ABSD deadline.
Michael Ng, the general manager of the Singapore Land which is sometimes called SingLand said that there are no units that will be left. And he said that there is no room for making the price of the property low. So, if you no longer see an available property, you can go for this developer because it still has projects.
The Mon Jervois and Bleu & Pollen, and Alex Residences (Redhill) will be charged of 10 percent if there are unsold units in 2017 particularly February, June, and December. However, in February 2016, Mon Jervois has 61 unsold units, Pollen and Blue for about for about 94 units, and for Alex Residences is 173 units. This means that they will be subjected to pay the 10 percent from ABSD. But the majority of the developers will sell out most of their units.
The City Development Ltd can also clear all of its units in its venture projects and at Jewel@Buangkok. The Venue Residences and the Bartley Ridge can also achieve the quota. So, they will also sell all of their units in the said projects on or before the deadline set by the ABSD.
ABSD started later 2011 that requires developers to improve their residential site they purchase, and sell all of their units within a period of time (5 years). If they will be able to enhance their residential site, and sell all the units, they will qualify or pass the ABSD remission. If they will fail, they will pay 10 percent on the land cost. Aside from that it has interest for about 5 percent annually. However, you will pay more once you buy a residential site from January 12, 2013 up to present. It is for about 15 percent.
As you notice, majority of the developers can sell all of their units before the deadline. This is because of the higher demand of many people on real estate investment in the country. So, if you want also to purchase a property, be it.