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

[blackmondy]

Coming very soon. Otherwise Lee Hsien Loong would not mention the word “unity”

But mei-mei how can he talk about unity when his whole family is so disunited?

 

[Hypocrite-The]

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.

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/

 

[realDonaldTrump]

nationalities from 5 cuntries are sexempted from the 60% foreign stamp duty in sg when they purchase properties. guess who?

United States, Iceland, Liechtenstein, Norway & Switzerland

 

[mahjongking]

just a fucking wayang lah.....crony insiders who want to buy GCB already bought methinks, dont be taken in

 

[realDonaldTrump]

just a fucking wayang lah.....crony insiders who want to buy GCB already bought methinks, dont be taken in

yes, they should raise PR's stamp duties

 

[Hypocrite-The]

United States, Iceland, Liechtenstein, Norway & Switzerland

How çum they exempted from Singkieland stamp duty?

 

[realDonaldTrump]

How çum they exempted from Singkieland stamp duty?

They pay like local rates, not that they don't have to pay any stamp duties.
According to IRAS, this was part of the FTA agreement.

Wish we offered india such terms, instead of free-flow CECAs