08 Dec '11, 3am

Additional Buyer’s Stamp Duty on Private Property

SINGAPORE: The government has imposed an Additional Buyer’s Stamp Duty (ABSD) for private property of between 3 per cent and 10 per cent for Singaporeans, Permanent Residents and foreigners to moderate investment demand for private residential property and promote a more stable and sustainable market. The changes take effect on December 8. Foreigners will pay 10 per cent Additional Buyer’s Stamp Duty (ABSD) for any residential property.

Full article: http://thefinance.sg/2011/12/08/additional-buyer%e2%80%99...

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