By KK Tong (guest contributor)
On 5th July 2018, the Singapore Government announced that it would raise the Additional Buyer’s Stamp Duty rates and tighten loan-to-value limits on residential purchaseswith effect from 6th July.
In view of these cooling measures, some developers brought forward their launches to allow buyers to seal deals hours before these new measures kicked in. One such developer was Nanshan Group and Logan Property Holdings, which managed to shift 200 out of 1259 units in Stirling Residences at an average price of $1800 psf. It had brought forward its launch by a week.
Stirling Residences, a 99-year leasehold development, sits on a plot size of 227,221 square feet and TOP is expected to be 30th April 2022. At the time of writing, 467 units have been sold.
The unit types and indicative pricingin this development are:
Consisting of two 40-storey towers and a 38-storey