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Singapore’s property market struggles against cooling measures

Posted on 01 March 2013

Volume in Singapore’s property market is expected to decline following the introduction of January’s cooling measures, according to a recent report by property advisory firm DTZ. The primary market may be less affected by the latest measures than buyers of public housing, due to the extra incentives and discounts offered by developers.
DTZ predicted that investment demand for prime properties could also decline this year due to the new property tax structure, and the removal of the property tax refund concessions for vacant properties that was announced during the 2013 budget………………………………………..Full Article: Source


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