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When it comes to condo facilities, some trends come and go. You can even identify the age of a condo based on the sort of facilities it has (squash courts, anyone?) But while trendy facilities help at launch (and perhaps a decade or so afterwards) they sometimes become undesirable depending on trends and can become an eyesore or a maintenance. ....
As the average size of condos in Singapore continue to shrink and the prices continue to rise, the demand for value-for-money and generously sized apartments gets more competitive, too. This week, we found five spacious three-bedroom apartments sized above 1,700 sq ft but specifically below a $2 million budget. That said, don’t be expecting that these are 1,700 sq ft. ....
There’s a common misconception today that property developers are the cause of higher property prices in Singapore. After all, it seems obvious that developer pricing is the main factor in a condo’s cost. Perhaps that may have been true in the earlier years when developers were making bank with 40 or even 50 per cent margins. That has all changed. ....
March 15, 2021 Stackedhomes Most home buyers are familiar with the concept of Additional Buyers Stamp Duty (ABSD) as it applies to them. What’s less commonly known is that property developers also have to pay ABSD; and this added tax shapes multiple decisions. From the way developers price their property, right down to development concepts, the ABSD on developers has a significant – yet not directly visible – effect on home buyers. Here’s what you should know about it: What is ABSD for developers? The ABSD for developers is a tax applied on the land price. This is 30 per cent of the land price, which is paid upfront. It is applicable on any development that comprises of five or more units (this is virtually every residential development in Singapore). ....