In the southern tech hub, a total of 604 units of luxury homes has not yet been built have been presold for up to 162,000 yuan.
Many overseas buyers with a stronger currency have the edge as cash is king increasing their bargaining deal if they care buying in cash.
Land betterment charge rates have been raised for residential, commercial and industrial use in property market for the next six months.
Singapore’s suburbs have transformed in recent years. Places such as Jurong and Tampines have become demanding destinations.
The shophouse sector is poised for further gains following a new wave of demand stemming from foreign investors, said analysts.
114 Singapore shophouses were sold in the first 6 months of 2022 worth $$938.8 million, compared to the overall 131 units sold in 2021.
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