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Residential market set to stay resilient despite cooling measures

Singapore's residential market is expected to remain resilient both in terms of transaction volume and prices in the coming quarters, despite the July 6 cooling measures.

Demand for residential properties has stayed largely resilient since the cooling measures, although buyers have become more selective in view of the higher upfront costs due to the increase in the additional buyer's stamp duty (ABSD) across the board, with the exception for first-timers.

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A version of this article appeared in the print edition of The Sunday Times on December 23, 2018, with the headline 'Residential market set to stay resilient despite cooling measures'. Print Edition | Subscribe