Singapore's government had announced that foreigners buying private homes will have to pay an additional stamp duty that will amount to 10% of the property's price.
Singapore residents will be subjected to additional stamp duty of 3% for second and subsequent properties, while citizens who are purchasing their third and subsequent residential properties will have to pay an additional 3% on the property's value.
The new measure could affect Malaysian developers who have expanded to Singapore namely SP Setia Bhd, Selangor Dredging Bhd, IOI Corp Bhd, YTL Land and Development Bhd and sovereign wealth fund Khazanah Nasional Berhad.
No comments:
Post a Comment