Developers taking cautious approach to bids for sites in CBD: Analysts | Video
Developers appear to be taking caution in their bids for Singapore's land sites, even to the highly sought-after Central Business District, which is home to some of the country's high-end luxury apartments. Market watchers say the increase of Additional Buyer's Stamp Duty for foreigners and lack of facilities in the area will likely affect demand for housing units. Claudia Lim reports.
Developers appear to be taking caution in their bids for Singapore's land sites, even to the highly sought-after Central Business District, which is home to some of the country's high-end luxury apartments. Market watchers say the increase of Additional Buyer's Stamp Duty for foreigners and lack of facilities in the area will likely affect demand for housing units. Claudia Lim reports.
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