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20 units bulk purchase at CanningHill Piers

posted by Alvin Charm in Singapore Real Estate News

Straits Times and Lian He Zao Bao news release on a bulk purchase of 20 units at CanningHill Piers Integrated Development by a Chinese National. There is a consideration of buying another 10 more units in additional to the first 20 units. The ABSD payable is S$30 millions.


This is a clear illustration of Singapore's attractiveness as a top Real Estate Investment destination in the region and in the world, despite the latest property cooling measures, imposing 30% ABSD (Additional Buyer Stamp Duty) to all foreign buyers, except USA citizen (among 3 other FTA countries).


This is exciting.