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1.Market Observations, 8.Was Sticky

4 Apr 2017 (AFR) – Unwinding property curbs gives Singapore developers a new headache

(4 April 2017, AFR, p11, by Pooja Thakur)

‘Singapore’s recent unwinding of some property curbs, which initially appeared to boost prospects for developers, may instead be creating new problems. After regulators closed a tax loophole that allowed developers to offload apartments in bulk to institutional investors and wealthy Singaporeans, many of the city’s builders now face an unpalatable choice: discount unsold luxury homes or pay stiff penalties for missing government-mandated sales deadlines.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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