With ABSD rates as high as it is (recently increased to 20 per cent from 17), some Singaporeans have started to look for various other options. While going overseas is one possible route, not everyone wants to deal with learning a whole new set of rules or dealing with risks such as currency. That means getting creative, such as considering.
In July and August 2023, there were eight new private residential launches and one executive condominium (EC). On several weekends in both months, we saw the launch of two or three projects simultaneously. Most recently, on the weekend of 12-13 August, Orchard Sophia, TMW Maxwell, and The Arden commenced their sales bookings. According to analysts, the last time there was.
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During its launch weekend, Grand Dunman sold about 550 out of 1,008 units. With a take-up rate of over 54 per cent, the development is the best-selling new launch project in over 2.5 years in terms of the number of units sold. The record was previously held by Normanton Park, which sold 600 units during its launch weekend in January.
Real estate developers SingHaiyi Group and CSC Land Group will be commencing previews for their latest project, Grand Dunman, from July 1 to July 11, 2023. Sales bookings will launch on July 15, 2023. With 1,008 residential units and five commercial shops, Grand Dunman is the biggest new launch this year. Grand Dunman is SingHaiyi and CSC Land’s first project.