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01-05-2023, 09:59 AM
En-bloc market to collapse following ABSD rate hike: analyst
Singapore increased the ABSD for all residential statuses by 3% to 30%.
The steep hike in the Additional Buyer's Stamp Duty (ABSD) will likely hurt the en-bloc market, which has already been slowing down before the implementation of the latest cooling measure, according to Vijay Natarajan, an analyst from RHB.
https://sbr.com.sg/residential-property/...ke-analyst
Singapore increased the ABSD for all residential statuses by 3% to 30%.
The steep hike in the Additional Buyer's Stamp Duty (ABSD) will likely hurt the en-bloc market, which has already been slowing down before the implementation of the latest cooling measure, according to Vijay Natarajan, an analyst from RHB.
https://sbr.com.sg/residential-property/...ke-analyst
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