Developers wooing homebuyers with more discounts, in wake of cooling measures

Some property developers are also raising commissions to get agents to bring buyers to their launches.
Some property developers are also raising commissions to get agents to bring buyers to their launches.PHOTO: ST FILE

SINGAPORE - 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 (July 5).

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