Having a resale market that is sluggish does not mean that sellers are willing to lower their prices.
In fact, the reason why it is sluggish is because there is a mismatch between what the sellers want to sell and what price the buyers want to buy.
Due to the recent seller's and buyer's stamp duties, speculators have been forced out from the property market. Leaving property owners with holding power.
If you are keen with penthouses, and looking forward to purchase direct from the developer, do contact me for more info as we have various penthouses throughout the island.
Huttons Asia Pte Ltd
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