More than 1,000 units were sold in a few hours across three projects on Thursday night, caused by an unforeseen announcement of the revision of new cooling measures – Changes to the Additional Buyer’s Stamp Duty and Loan-to-Value Limits. As developers accelerated their official launch dates, buyers were seen hurrying to showflats in a bid to secure their purchases before the measures were taken into effect.
Source: The Straits Times
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