08.12.2011 - Stamp duty hike targets foreign buyers of residential property
The Government unveiled a set of unprecedented stamp duty taxes on Wednesday night, in what many industry watchers have called the toughest round of curbs yet on Singapore's private property market. The changes take effect on Thursday. Hardest hit are foreigners, who have been snapping up a rising share of non-landed homes in recent years. They now must pay a hefty additional buyer's stamp duty of 10 per cent on any purchase of a residential property here...............................................Full Article: Source
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