After several years in the doldrums, the recovery of the Singapore property market will be in full swing in 2018, experts say.
Analysts first saw signs of an upturn in market sentiment at the beginning of this year when units at new project launches were snapped up quickly. The unexpected relaxing of the cooling measures in March also breathed new life into a market.
The partial easing entailed adjustments to the Seller’s Stamp Duty (SSD) and TDSR, with the holding period for the SSD shortened and the rates lowered because speculative flipping of properties had declined significantly.
– 25 December, 2017