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02

Singapore Property Developers Have a New Headache

By Tony Seruga

Developers may have to discount prices or face stiff penalties
Unforeseen consequence may prolong three-year home price slide

Singapore’s recent unwinding of some property curbs, which initially appeared to boost prospects for developers, may instead be creating new problems.

After regulators closed a tax loophole that allowed developers to offload apartments in bulk to institutional investors and wealthy Singaporeans, many of the city’s builders now face an unpalatable choice: discount unsold luxury homes or pay stiff penalties for missing government-mandated sales deadlines…

Singapore Property Developers Have a New Headache

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