Developers are taking a cautious approach with official launches for luxury residential projects in upscale districts as sales outlook remain weak and unpromising. If they choose to officiate a launch, time starts ticking almost immediately as they remain mindful of the hefty levies imposed for each unsold unit after 2 years of Temporary Occupation Permit (TOP).
Submitted: July 8th, 2014
Last Bid Date: July 11th, 2014
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