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Real Estate News Digest

Singapore Budget 2018: Impact of buyer's stamp duty hike to be felt most for big-ticket purchases (BT, 20 Feb, 2018)
Property consultants generally said that as the bulk of residential property deals are below S$1.5 million, the change to the BSD is expected to have only a mild impact on property demand. For a S$1.5 million property, the BSD goes up from S$39,600 to S$44,600 - reflecting an increase of just S$5,000 or 0.33 per cent of the property price.

Developers post best January private home sales in four years (BT, 15 Feb, 2018)
Developers have posted their best January private home sales figures in four years but how sales pan out for the full year will have a lot to do with developers' launch and pricing strategies, say industry players. Generally, the view is that 11,000 to 14,000 private homes are likely to be transacted in the primary market this year - up from last year's 10,566 units.

Condo resale prices up 1% in Jan: SRX (BT, 14 Feb, 2018)
Resale prices of condominiums and private apartments continued to appreciate month-on-month and at a faster pace, according to the latest flash estimates from SRX. Year-on-year, resale prices of condos and private apartments climbed 6.3 per cent in January from the year-ago period. Analysts have said the en bloc sale fever has likely pushed up resale private residential prices and transactions, as cashed-out owners look for replacement homes.

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