{"id":6804,"date":"2016-08-24T14:05:33","date_gmt":"2016-08-24T06:05:33","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=6804"},"modified":"2022-07-01T04:03:27","modified_gmt":"2022-06-30T20:03:27","slug":"99co-developer-deals-august-update","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/99co-developer-deals-august-update\/","title":{"rendered":"99.co’s Hot Developer Deals (August Update)"},"content":{"rendered":"
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Benjamin Franklin said, \u201cTwo things are certain in life, death and taxes.\u201d While we do agree with him, looking at the bright side, there\u2019s another good thing that is also certain. There is always a best deal out there in the market.<\/span><\/p>\n

In this new series of articles, we keep you abreast of the latest happenings of the primary market, or in layman terms, buying first hand from the developer. Bear in mind that these articles are not a forecasting report where we gaze into our crystal ball and predict if prices are going up or down in the next year. They are for buyers who want to buy a place soon, and we want to show them the best deals available now.<\/span><\/p>\n

It is common knowledge that we are experiencing \u00a0a slower market compared to the heydays a few years prior where units were flying off the shelves. Back then, after you contemplated to analyse the best deals and decided that you found the right one, you make the call to the sales agent only to find yourself at the end of the queue. The developers are already counting the digits in their bank account and you have just missed out on the best deal in the market.<\/span><\/p>\n

Things are very different now; transaction volumes have significantly dropped so much so that developers and sales agents are made to work harder to close a transaction.. Moreover, developers are also subjected to the <\/span>ABSD<\/span><\/a> and the <\/span>QC<\/span><\/a>, which in summary, requires them to sell their units or pay a hefty amount of tax. These selling pressures in turn usually translates to better deals for the buyers. On one side of the market, \u00a0buyers are restricted on the financing available to them due to the <\/span>TDSR<\/span><\/a>,<\/span> causing the potential buyer pool to shrink. <\/span><\/p>\n

Nonetheless, here are the top deals which we think buyers should keep their eye on:<\/span><\/p>\n

The Trilinq<\/b><\/h3>\n

42 units of <\/span>The Trilinq<\/span><\/a> were sold in July (11 units in August as of 19th) which made it the best selling project which is not a new launch.. It was first launched in Feb 2013 and will be subjected to a 10 percent ABSD in early 2017. It is also situated in Clementi, one of the most sought after estates around, as can be seen from the <\/span>million dollar HDB<\/span><\/a> that was just transacted recently.<\/span><\/p>\n

\"The
The Trilinq is a 99-year condo located in District 05, close to Clementi MRT Station<\/figcaption><\/figure>\n

Pluses<\/b><\/p>\n