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ABSD-Free: Most popular properties for first-time homebuyers

By EdgeProp Singapore

/ EdgeProp |

July 20, 2018 11:32 AM SGT

Are you a first-time property buyer? If yes, you’ll be relieved to find that you are not affected by the latest adjustment of Additional Buyer’s Stamp Duty (ABSD) rates that is part of the new property cooling measures announced on July 5, 2018.

If you’re looking to stake a claim to Singapore’s private home market in 2018, here are the most popular new entry-level condos this year, based on transaction volumes of developer sales.

1) Riverfront Residences (Avg $1,312 psf)

The leasehold Riverfront Residences was among new projects whose launching date was brought forward following the new cooling measures.

The 1,472-unit Hougang project sold the most units overnight following the announcement, chalking up over 500 sales before the new measures took effect the next day.

2-bedroom units from: $648,000

3-bedroom units from: $1 million

2) The Tapestry (Avg $1,385psf)

Over in the East, The Tapestry will feature 831 units and is among the most popular new projects among homebuyers.

Located along Tampines Street 86, the 99-year leasehold project features a 100m infinity pool, a sunken tennis court, a childcare centre and a pets’ pavilion.

2-bedroom units from: $700,000

3-bedroom units from: $1.08 million

3) Twin Vew (Avg $1,399psf)

In the West, the 520-unit Twin Vew has emerged as the most popular project of the year.

Located on West Coast Vale, the 99-year leasehold project is a five-minute drive from Jurong Gateway (Singapore’s second CBD), and a 20-minute drive to the CBD core and Marina Bay.

2-bedroom units from: $898,000

3-bedroom units from: $1.1 million

4) Park Colonial (Avg $1,761psf)

The 805-unit Park Colonial joins the list of projects whose launch was brought forward amid the recent announcement of the property cooling measures.

Its preview marked the first launch of a private condominium in the Woodleigh area in 9 years. Located off Upper Serangoon Road, Park Colonial is right next to Woodleigh MRT station.

2-bedroom units from $940,000

3-bedroom units from $1.3 million

5) Stirling Residences (Avg $1,766 psf)

Stirling Residences rounds up the list of projects whose launch was pushed forward following the recent announcement of the new property cooling measures.

The 1259-unit project on Stirling Road is just a three-minute walk to Queenstown MRT station. It has three towers of 38 to 40 storeys. Units from the 20th floor will have a view of the city skyline or the sea.