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At least 40 buyers rush to secure condo purchases before new buyer’s stamp duties kick in
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The purchases came following announcements made by DPM Lawrence Wong in Budget 2023.
PHOTO: ST FILE
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SINGAPORE – At least 40 new private home sales, mostly in the prime districts, were inked on Tuesday evening, as some buyers rushed to bring forward their purchases before buyer’s stamp duties (BSD) were raised the next day, according to ERA Realty Network.
Sources from several property brokerages told The Straits Times that some condominium buyers, following the Budget speech by Finance Minister Lawrence Wong on Tuesday, were chasing sellers for options to purchase (OTPs) to be granted that very day to avoid higher BSD.
