Wednesday, January 18, 2012

Far East: Cooling steps may need tweaking

Straits Times: Wed, Jan 18
THE recent property cooling measures might have to be fine-tuned, depending on how persistently sales volumes drop, according to Far East Organization chief executive Philip Ng.


He told a briefing yesterday that the 10 per cent additional buyer's stamp duty for foreigners is 'a very big number'.


He also said that the measures had led Far East and its partners to drop the prices for the upcoming launch of its Watertown project in Punggol Central...

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