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Condo showflats were flooded on Thursday night (July 5th), with buyers hoping to obtain units before the entry into force of the Additional Stamp Duty (ABSD) on Friday, July 6th.
The government announced that the ABSD This however excludes Singapore citizens and permanent residents of Singapore who are buying their first residential property.
At new developments such as the Waterfront Residences of 1,472 dwellings in Hougang, where two-bedroom units start at $ 755,000, buyers will pay at least $ 35,000 more under the ABSD increased
Large crowds and full car parks were observed at Riverfront Residences and Park Colonial in northeastern Singapore on Thursday evening
. is developed by a consortium led by Oxley Holdings, while the latter, a project led by CEL Development, has 805 units and is located next to the Woodleigh MRT station.
When The Straits Times visited the river in front of the exhibition residences around 9 pm, hundreds of people were in the waiting line that stretched out to the parking lot. Buyers and agents were also seen walking briskly to the living room with brochures on the project in hand.
Some in the queue were looking at the layout of the condominium in the brochure, making last-minute decisions about the unit to buy.
In the queue, housewives May Lim and Calista Ng, neighbors of the Starville condominium in Kembangan
said that 52-year-old Mrs. Ng was looking to buy a two-bedroom unit. : "I was in the middle of my dinner when my agent told me to rush but looking at the crowd, we might not get our picks."
Real estate agent Huttons G. Manogaram, who was looking for his clients in the crowd, "said:" It's stressful and overwhelming because there's only a four-hour period to make the transactions.
ST understands that the vote for the Riverfront Residences units was to be held on Friday. However, the units were sold on a first-come, first-served basis last night
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