The government’s announcement of an additional buyer’s stamp duty (ABSD) on top of the existing 3% appears to be mainly targeted at foreign buyers, notes UOB Kay Hian in a report. “The move will act as a strong deterrent for foreign buyers as their transaction costs would increase by 10% overnight,” says Vikrant Pandey, analyst at UOB KayHian. The high-end market will be the most impacted as...
Scotts Square Singapore
Scotts Square, a 338-unit freehold highend condominium development in the prime Orchard Road-Scotts Road neighbourhood, is back on investors’ radar screens, as it scheduled to obtain the temporary occupation permit towards the latter part of this year. Scotts Square, by listed luxury developer Wheelock Properties, comprises two residential towers of 43 storeys and 32 storeys each atop a three-storey...
Developer Wheelock Properties has secured Hermes as the maiden tenant for its Scotts Square retail podium which is slated to open by Christmas next year. Hermes will occupy a 3,000 sq ft ground-floor corner unit. This will be Hermes' fourth outlet in Singapore - after Liat Towers, Takashimaya Department Store, and The Shoppes at Marina Bay Sands. The Liat Towers store will remain open even after Hermes...
Scotts Square is the art of fine living. Located between the Grand Hyatt and Marriott hotels, Scotts Square comprises two residential towers with 338 international quality 1, 2, 3 bedroom apartments, and a stylish retail podium. Soaring 43 storeys, its contemporary architecture adorned with world renowned art pieces makes it one of the most prominent and distinguished homes in downtown Orchard...