J’Den Condo, a new residential and commercial development within the Jurong Lake District, is slated to open soon. With direct access to the Jurong East MRT interchange and other amenities like Westgate and IMM Building via J’Den‘s covered elevated pedestrian network, J’Den Condo is well connected to essential services. Additionally, the condo will be linked to the Jurong East Integrated Transport Hub which includes a bus interchange, public library, community club and a sports centre. As such, J’Den provides numerous conveniences for its tenants.

Foreigners purchasing real estate in Singapore are now subject to an increased rate of Additional Buyer’s Stamp Duty (ABSD), following the Singapore Government announcement of April 26, 2023. Those looking to buy their second residential property now face up to 60% ABSD, with Singapore citizens and permanent residents facing a lesser, though still hefty, tax. Singaporean citizens buying their second residential property face a tax of 20%, with those purchasing their third and subsequent properties facing a 30% tax. Singapore PRs purchasing their second residential property are taxed 30% and 35% for third and subsequent properties.This increase in ABSD is being implemented to promote a sustainable property market, amid continued escalation of home prices in Singapore despite cooling measures, and a dimmer economic outlook. In light of this, potential investors from across the Causeway should be aware that the high differential cost of owning a home in Singapore and that of nearby Malaysia alone will not be a game changer. Malaysia must step up its efforts in other areas, such as safety, connectivity, accessibility, amenities, general liveability and investability, if it hopes to draw in more foreign investment. Quality property management services and sustainable project upkeep are also essential. The ball is now in our court and we need to move quickly to capitalize on this opportunity.