Although property buying may have slowed after the implementation of heavier stamp duties last week, sales are still trickling in.
As of Sunday, developer SingXpress Land had sold 17 of the 21 units at the cluster housing development Charlton Residences, located near Kovan MRT station.
According to Chan Tung Moe, Executive Director of SingXpress, none of the buyers, who were all Singaporeans, backed out of the purchases.
Foreigners are most affected by the government’s latest cooling measures, as they will have to pay an additional stamp duty of 10 percent on top of the current buyer’s stamp duty of around three percent.
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