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