Tuesday, February 7, 2012

ABSD only a temporary deterrent: consultants

Business Times: Mon, Feb 06
(SINGAPORE) The additional buyer's stamp duty (ABSD) slapped on foreigners has not stopped expatriates from looking for well-priced buys, say consultants.

Said Jones Lang LaSalle's head of residential and national director Jacqueline Wong: 'International buyers are still looking to buy.'

Ms Wong highlighted that though foreigners have decided to sit on the fence till the second quarter of the year awaiting further clarity, many are still keeping a sharp eye on the market for good buys, pointing to a sustained interest in local properties...

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