Some people love balconies, the bigger the better. While others loathe them, as they rather have more interior space, and they find that Singapore is just too hot to want to sit outside anyway. For the latter, it can be annoying to shortlist floorplans; most sales teams keep the lack of balconies quiet, as they assume everyone thinks it's a.
The latest cooling measures on April 27, 2023 had the biggest impact on foreign buyers, who saw their ABSD (additional buyer's stamp duty) rates double, from 30 per cent to 60 per cent. Some new launch condos, like Newport Residences, postponed their launch after the cooling measures were imposed. But Blossoms by the Park, another new launch condo, decided to.
As we approach the mid-year mark in 2023, we thought it would be appropriate to look back and see how the new launches have been doing. With the new cooling measures just announced recently, it certainly has dampened things, with some projects like Newport Residences having to push back their sales preview. Here’s how some of the bigger launches have.
Our verdict
77 per cent
Overall rating A 99-year leasehold mixed-use development located in the vibrant and dynamic One-North and Buona Vista neighbourhood, Blossoms by the Park is a sensible choice for individuals and families who like being near key amenities. Nestled along Slims Barracks Rise and North Buona Vista Road, it is sandwiched between Rochester Mall and NTU @ one-north. As.
Whether you're a homeowner or a landlord, having an MRT station nearby is still a major draw; and given the fewer launches in 2023 (compared to 2020/21), it's important to be a bit more picky. There's also just the "small" matter of the very high COE rates right now, and it may just be the kicker to stop relying on.