For subscribers
Cooling measures = property chill?
Some decide not to wait, fearing prices will rise further
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The new property cooling measures took property agent Jaeson Lin's foreign clients by surprise but they decided to bite the bullet and buy their new apartment.
The couple from Hong Kong had been scouting for homes in Clementi, Bukit Timah and Orchard Road for the past year and were still willing to fork out nearly $1 million in additional buyer's stamp duty (ABSD) on a $3.3 million penthouse at Verdale, a 258-unit condominium in Bukit Timah.
