New property cooling measures: Singapore hikes additional buyer's stamp duty, doubles foreigner rate to 60%
The Singapore government stepped up additional buyer stamp duty (ABSD) rates for residential properties, in a fresh round of cooling measures aimed at curbing investment demand. For Singapore citizens, ABSD for the purchase of their second property will be raised to 20 per cent from 17 per cent and to 30 per cent from 25 per cent for their third...