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New Classification of Flats Beginning next year, new regulations will affect purchasers of new flats from the Housing and Development Board (HDB) in popular locations, under a newly devised framework aimed at maintaining affordability and limiting the resale values of public dwellings.HDB will abolish the current classification of estates into mature and non-mature categories. Instead of that, the...
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In Singapore, the number of condominium units purchased by foreign buyers experienced a decline in the second quarter of 2023. The decrease, amounting to 22.6%, resulted in the sale of 205 private non-landed homes, down from 265 units in the preceding quarter, according to data from OrangeTee & Tie. This decrease followed a significant increase in the additional buyer's stamp duty (ABSD) for foreign...
The resale prices of condominium units in Singapore witnessed a fifth consecutive quarterly growth between April and June, although the increase was at a gentler rate and with fewer units being sold.According to a report by OrangeTee & Tie released on Tuesday, the prices slightly escalated by 0.6% in the second quarter of 2023, a contrast to the 2.9% hike in the initial three months of the...
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