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Additional Buyer's Stamp Duty raised to 60% for Foreigners buying residential properties

Foreigners only account for a small proportion of private home sales in Singapore, making up 4.4% of private home sales (ex. EC) in 2022, substantially lower than the numbers seen in 2010/2011 (see table 2). As Singaporeans and PRs still account for a lion’s share of private home sales – at 95% in 2022 - we do not expect the doubling of ABSD rate for foreigners to severely impact the overall market.

PX%20ABSD%20TABLE%202B.png


https://www.propnex.com/news-detail...res-amidst-rising-prices-and-resilient-demand
What about commercial properties like these?

https://theindependent.sg/shophouse-prices-now-over-7000-psf-due-to-chinese-investors/
 
just a fucking wayang lah.....crony insiders who want to buy GCB already bought methinks, dont be taken in
 
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