Low Keng Huat’s Sales Amid New Cooling Measures

Low Keng Huat Singapore Ltd (SG:F1E) has released an update.

Low Keng Huat (Singapore) Ltd has reported robust sales for its Klimt Cairnhill luxury redevelopment project, with 90 units sold as of January 2024. However, the Singapore government’s introduction of a 60% Additional Buyer’s Stamp Duty for foreigners in April 2023 has cooled the previously heated market, particularly impacting demand and sales to foreign buyers. The development, which offers a range of unit sizes, has also attracted local buyers, although the exact percentage of local ownership was not provided.

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