Even though the latest round involving cooling measures focuses mainly on residential property, the rules influencing industrial property which are introduced for once last week don't have a doubt stirred investors.For you to discourage short-term speculative activity which can distort prices in addition to raise business prices, the new measures will include a Seller’s Stamp Responsibility (SSD) on business properties and property sold within several years of the day of purchase: 15 percent within the first year and 10 percent and five percent within the second and finally year respectively.
Going up the land costs implies prices will excessive, though they often see slower growth today. While which can discourage speculative exercising, industrial property still provides lowest quantum one of many different property sorts. Chong said: “Investors in search of property below S$1 million select such residence, as the rental yield would be the highest. Volumes may slide over the following three to 5 a few months, but prices will not likely.
Going up the land costs implies prices will excessive, though they often see slower growth today. While which can discourage speculative exercising, industrial property still provides lowest quantum one of many different property sorts. Chong said: “Investors in search of property below S$1 million select such residence, as the rental yield would be the highest. Volumes may slide over the following three to 5 a few months, but prices will not likely.
