Singapore new private home sales up despite stamp duty hike

The overall take-up in February was dampened by slowing economic conditions, higher mortgage rates and more stringent financing, said CBRE's Song. — Bloomberg

SINGAPORE: New launch Terra Hill in Pasir Panjang and a healthy take-up of prime district private homes helped shore up developers’ sales in February.

But buyers remained, for the most part, wary in the face of rising interest rates, tighter loan conditions, higher taxes and a slowing economy.