If you need to move in immediately but still want something as new as possible, then your best bet is any project that just received its Temporary Occupancy Permit (TOP). It's admittedly not the cheapest time to buy, and you're not getting the first picks but sometimes you just don't have the luxury of time (or maybe you're a.
Most of the time, new launch condos are cheaper at the start and get pricier as the units get sold out (classic demand and supply). It's all part of the usual developer strategy, to entice early buyers with early bird prices to get the ball rolling. (Although higher prices at the end are just due to the higher floor units.
While some are trimming prices to beat the ABSD deadline, others may have done so in anticipation of slowing demand for prime residential projects. Read more at straitstimes.com.
With the new condo supply at a current low, the chances of a discount are slim in 2022. But if there’s one thing that could still pressure developers into discounts, it would be the Additional Buyers Stamp Duty. While this was recently hiked in the December 2021 cooling measures to 40 per cent, developers will still be more than eager.
As condos come close to their five-year ABSD time limit, homebuyers and investors start to pay more attention. There’s every chance that, with a handful of units left, the developer will decide to give deep discounts rather than pay a steep tax. There are no guarantees, but for those looking out for such deals here are some developments that are.