New private property projects after Daintree Residence - the first new launch since the surprise round of cooling measures kicked in on July 5 - are expected to enter the market at slightly lower prices, following slower sales at some projects launched earlier this month, analysts say.
Discounts of up to 5 per cent from expected launch prices and other incentives are being offered to entice buyers in the wake of the higher Additional Buyer's Stamp Duty (ABSD) rates and tighter loan limits. For instance, Parksuites in Holland Grove Road is offering an additional 5 per cent discount "for a limited time only", according to its newspaper advertisement last Saturday.
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