Friday, February 3, 2012

Developers set for more launches

Business Times: Fri, Feb 03
PROPERTY developers are continuing to plow ahead with their pipeline of launches, even as they ponder over the best course of action to take following the government's latest cooling measure, the additional buyer's stamp duty (ABSD).

Frasers Centrepoint for one, will go ahead with the launch of its Twin Waterfalls, a 99-year leasehold executive condominium (EC) project located close to Punggol MRT station, with e-applications opening on Feb 10.

But buyers will find prices more palatable as they would be about 20 per cent cheaper than the recently released Watertown, according to Frasers Centrepoint Homes chief executive officer for development and property Cheang Kok Kheong. He put prices for the project at between $720 and $750 per square foot (psf)...

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