Thursday, January 26, 2012

Over 90% of units sold in Watertown picked up by S'poreans

Business Times: Thu, Jan 26
(SINGAPORE) Initial evidence suggests that the additional buyer's stamp duty (ABSD) may have succeeded in cooling foreign buying.


More than 90 per cent of the over 550 units sold so far for Watertown condo in Punggol have been taken up by Singaporeans. This is down from a share of about 80 per cent for Singaporean buyers in other surburban condos - or 'transurban' condos as developer Far East Organization likes to call them - that were launched by the property giant last year, such as The Tennery above the Ten Mile Junction LRT Station in Bukit Panjang, The Greenwich in Seletar Hills and euHabitat at Jalan Eunos.


Singaporean buyers have also accounted for about 80 per cent of buyers at The Hillier next to the upcoming Hillview MRT Station on the Downtown Line, which was previewed last month after the Dec 7 announcement of the introduction of the ABSD - although options to buyers were issued only from Jan 1 this year...

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Team Marshe
Martin Koh/ Sherry Tang
9383-3992/ 9844-4400
www.marshe.net
www.malaysia-properties.webs.com

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