Singapore home prices rose for a 12th straight quarter, bucking a global housing slowdown and prompting authorities to raise property taxes on foreign buyers to cool the market. ( read original story ...)
Singapore Takes Aim at Rich Chinese With 60% Property Tax
Singapore’s move to double property taxes for foreigners signals that policy makers are growing more cognizant of surging money inflows from wealthy Chinese, even though the higher rates are unlikely ... ( read original story ...)
Singapore announces new property cooling measures, additional buyer’s stamp duty doubled to 60% for foreigners | Video
Teck, senior director and head of research at Huttons Asia, about the additional buyer's stamp duty announced by the government on Wednesday (Apr 26) night for foreigners and Singaporeans buying their second or subsequent residential property. ( read original story ...)
Singapore property tax hikes freeze out foreigners
STORY: Singapore has shocked property buyers, with a move to effectively freeze out foreigners. In a surprise move late Wednesday (April 27), stamp duties for overseas buyers were doubled to 60%. One ... ( read original story ...)
Singapore doubles property stamp duty for foreigners to 60%
Foreigners who have secured permanent residency in Singapore will only pay a stamp duty of 5 per cent, but they will pay 30 per cent — up from 25 per cent — if they buy a second residential property. ( read original story ...)
Singapore’s Surprise Property Tax Hike a ‘Freezing Measure’ for Foreigners
Singapore raised levies on private property purchases in a surprise move late on Wednesday night to cool the market, including a doubling of stamp duties for foreigners to an eye-watering 60%. Liu's ... ( read original story ...)
Singapore hikes property tax in latest round of cooling measures
Both local and foreign buyers of residential properties will now have to pay higher additional buyers' stamp duties, which will take effect from today. ( read original story ...)
Snap Insight: Latest round of Singapore property cooling measures perplexing in sluggish economy
Higher mortgage rates, property tax and inflation have already caused home buyers and investors to hold back – so why another round of cooling measures? Real estate consultant Ku Swee Yong weighs in. ( read original story ...)
Singapore doubles property tax on foreigners to 60pc
The city-state’s real estate sector has remained buoyant even as other countries face slowdowns because of soaring interest rates and inflation. ( read original story ...)
New property cooling measures: Analyst Lee Sze-Teck on its impact and what’s fuelling the growth of Singapore home prices? | Video
Singapore announced new property cooling measures, including a doubling of additional buyer’s stamp duty for foreigners buying any property in the country from Thursday (Apr 27). One analyst told CNA when we would see the impact of the latest round of measures, ( read original story ...)
ABSD hikes a pre-emptive move to dampen property investment demand, prioritise Singaporeans, says Desmond Lee
SINGAPORE - The new round of increases in Additional Buyer’s Stamp Duty (ABSD) rates are aimed at preemptively dampening investment demand and prioritising Singaporeans buying homes for owner-occupation, ( read original story ...)
ABSD raised to preemptively dampen property investment demand: Desmond Lee
In a joint statement late on Wednesday, the Finance Ministry, Ministry of National Development and MAS said the ABSD rate for foreigners buying any residential property will be raised from 30 per cent to 60 per cent – the highest increase. ( read original story ...)
4 Singapore REITs Are Hitting Fresh 52-Week Lows: Are They a Bargain?
These REITs are plumbing new 52-week lows even as interest rates show signs of stabilising. Could they be a glaring bargain for investors? The post 4 Singapore REITs Are Hitting Fresh 52-Week Lows: Are They a Bargain? ( read original story ...)
Singapore Increases Property Stamp Duties to Cool Property Market
Singapore's government announced late on Wednesday it will raise stamp duties to cool the property market. The revised rates, which apply to citizens, permanent residents and foreigners, will take ... ( read original story ...)
Singapore announces new property cooling measures, additional buyers’ stamp duty doubled to 60% for foreigners
SINGAPORE: The government announced new property cooling measures on Wednesday (Apr 26), increasing the additional buyer’s stamp duty (ABSD) rates. The highest increase will apply to foreign buyers ... ( read original story ...)
Singapore introduces new round of property cooling measures; ABSD for foreign buyers doubles to 60%
The government is levying higher ABSD (Additional Buyers' Stamp Duty) rates, in a bid to cool the property market that remains firm even with a dimmer economic outlook.“The revisions to the ABSD rates ... ( read original story ...)