22 Jan '13, 12pm

AsiaClassifiedToday: Singapore cool-off should heat up property sales abroad - The Phuket New... #asia #google #ads

AsiaClassifiedToday: Singapore cool-off should heat up property sales abroad - The Phuket New... #asia #google #ads

Phuket: Singapore cool-off should heat up property sales abroad SINGAPORE: The number of Singa­poreans buying overseas property is likely to increase after their government introduced property cooling measures, website PropertyGuru.com predicts. Tuesday 22 January 2013, 07:05PM The Singaporean government, worried about increased property speculation, has introduced ‘road barriers’. The measures, which came into effect on Saturday (January 12) included an immediate increase in stamp duties across the board, by between 3 and 8 per cent. The government said it was introducing these “road barriers” now to slow the property market and avoid a crash in the future. Announced in a 12-page press release the previous evening, these measures are primarily designed to quell speculative demand. Singaporeans buying homes for their own use are largely unaffected. Following the introducti...

Full article: http://www.thephuketnews.com/singapore-cool-off-should-he...

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