A freehold shophouse located in Paya Lebar and an HDB shophouse in Ang Mo Kio are currently up for sale through a joint expression of interest (EOI) exercise, with an estimated price of $10.06 million for both properties. Interested buyers have the opportunity to bid for either one or both of the assets as part of the EOI.
Condo investment in Singapore is a lucrative option, but it is essential to consider the government’s property cooling measures. In an effort to maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also play a vital role in promoting a secure and sustainable investment environment in the …
