Home buyers more cautious following new property measures

The announcement of anti-speculation measures for the property market earlier this week has led to a more cautious response from buyers.

These measures include not allowing HDB flat owners to own private property within the minimum occupation period.

Though the crowds are still flocking to the showflat at The Greenwich – a condominium being launched at Seletar – potential buyers said they want to take their time before signing on the dotted line.

Over in the east side of Singapore, there will soon be property launches for two private condos.

Property agents said they are worried that these projects may not sell as well because HDB upgraders are their target group.

But some potential buyers said they still have a positive view of the property market.

“It doesn’t affect me. As long as you have the funds, it won’t impact much,” said one potential home buyer.

“I think everyone will adopt a wait-and-see approach. But after that, I feel that property is a good investment, so I think there are still a lot of people who will buy property,” said another.

Source : Channel NewsAsia – 4 Sep 2010

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