Is there a way to filter through and find a good property deal?
One method that I use to spot potential deals for my clients is called The Developer's ABSD effect.
1. Real estate developers face an ABSD charge if they fail to develop and sell all units in their development within five years of the land acquisition date.
2. If the deadline is not met, affected developers will have to pay a hefty ABSD charge with accrued interest.
3. To avoid this, developers may offer discounts or incentives, engage in aggressive marketing, or lower prices as we have seen recently with certain projects.
If you enjoy hunting down a good deal too, PM me to find out which are the 33 projects facing an ABSD deadline this year and whether possible discounts are on the horizon!
Cindy Kew | R067569E | +65 97336818 Data Driven. Pure Facts. No Hype.
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