20 Feb '18, 4am

Singapore property stocks fall after tax hike on home purchases

“Given the heightened interest in the residential market, the government has timed the increase well as prices and transaction volumes could return with a vengeance after Chinese New Year,” Christine Li, a director of research at Cushman & Wakefield Inc. “The effective increase in the tax revenue is quite minimal, hence this measure acts more as a deterrent to the red-hot property market.”

Full article: https://www.bloomberg.com/news/articles/2018-02-19/singap...

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