11 Jan '13, 2pm

Foreigners to pay more for Singapore property: SINGAPORE: Singapore on Friday made it costlier for foreigners t...

SINGAPORE: Singapore on Friday made it costlier for foreigners to buy property and imposed other measures to cool down the market in which home prices have continued to rise despite an economic slowdown. Starting Saturday, foreign buyers have to pay total stamp duties of 18 percent of a property’s valuation, up from 13 percent, a government press release said. Foreigners with permanent residency in Singapore will have to pay eight percent stamp duties, up from three percent. Singaporeans will still enjoy the normal three percent stamp duty for their first purchases, but will have to pay more for additional properties. “We have to take this further round of measures now, to check recent market trends and avoid a more serious correction in prices further down the road,” Finance Minister Tharman Shanmugaratnam said. In addition to higher stamp duties, the minimum cash downpay...

Full article: http://www.nst.com.my/latest/foreigners-to-pay-more-for-s...

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外国人のシンガポール不動産購入へのハードルがさらに高く。不動産価格が下がらないための増税。金曜告知、土曜から実施 Foreigners to pay more for Singapore property   @YahooSGfinance

外国人のシンガポール不動産購入へのハードルがさらに高く。不動産価格が下がらないための増税。金曜...

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Singapore on Friday made it costlier for foreigners to buy property and imposed other measures to cool down the market in ...

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SINGAPORE | Fri Jan 11, 2013 7:07am EST SINGAPORE Jan 11 (Reuters) - Singapore on Friday announced a series of measures to...

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Full story on new property cooling measures here:

Full story on new property cooling measures here:

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