Developers home in on discounts as cooling measures hit

Some also raising commissions to get agents to bring buyers to their launches

Some are also raising commissions to get agents to bring buyers to their launches, in anticipation of buying sentiment being hit by higher Additional Buyer's Stamp Duty rates and tighter loan limits. PHOTO: ST FILE
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Property developers are courting home buyers with additional direct discounts or rebates, days after the Government introduced new measures to cool the private residential market.

Some are also raising commissions to get agents to bring buyers to their launches, in anticipation of buying sentiment being hit by higher Additional Buyer's Stamp Duty (ABSD) rates and tighter loan limits introduced on Thursday.

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A version of this article appeared in the print edition of The Sunday Times on July 08, 2018, with the headline Developers home in on discounts as cooling measures hit. Subscribe