07 Dec '11, 1pm

Govt to impose additional buyer's stamp duty for residential property

File photo of agents and prospective buyers looking at the scale model of Bedok Residences. The government has announced on Wednesday an Additional Buyer's Stamp Duty which will be imposed on certain categories of residential property purchases. The ABSD will take effect on Dec 8.-- ST PHOTO: RAJ NADARAJAN The Government has imposed a hefty new 10 per cent stamp duty on foreigners, excluding PRs, and companies buying residential property in Singapore to help cool the market. It says the move is designed to create a stable and sustainable market, after significant price rises in recent times. Prices of private homes are up 16 per cent from a recent peak in the second quarter of 2008, it noted. The stamp duty, effective from Dec 8, is on top of the existing buyers' stamp duty, which is 1 per cent for the first $180,000 of the purchase price, 2 per cent for the next $180,000 ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Tweets

Additional buyer's stamp duty for private property from Dec 8

Additional buyer's stamp duty for private prope...

channelnewsasia.com 07 Dec '11, 12pm

SINGAPORE: The government has imposed an Additional Buyer's Stamp Duty (ABSD) for private property of between 3 per cent a...

In an uncharacteristic move, #Singapore imposes...

ura.gov.sg 08 Dec '11, 4am

7 December 2011 Additional Buyer's Stamp Duty for a stable and sustainable property market The Government announced today ...

Additional stamp duty for private property purc...

sg.news.yahoo.com 07 Dec '11, 2pm

I am just dumbfounded by the latest move by the Spore Govt. Why? Why? Why? Why they always move so late? Damage already do...

Additional Buyer’s Stamp Duty on Private Property

thefinance.sg 08 Dec '11, 3am

SINGAPORE: The government has imposed an Additional Buyer’s Stamp Duty (ABSD) for private property of between 3 per cent a...

Stamp duty hike targets foreign buyers of resid...

straitstimes.com 08 Dec '11, 12am

File photo of agents and prospective buyers looking at the scale model of Bedok Residences. The Government has imposed a h...

Govt moves to curb foreign home ownership

Govt moves to curb foreign home ownership

todayonline.com 08 Dec '11, 1am

SINGAPORE - To curb excessive investment demand on private homes, the Government is imposing additional stamp duties - ove...

Citizens of 5 countries to pay same stamp duty ...

straitstimes.com 09 Dec '11, 1am

Citizens of five countries that have free trade deals with Singapore, including the United States and Switzerland, will be...

2 CID staff sergeants charged with neglect of duty

2 CID staff sergeants charged with neglect of duty

straitstimes.com 07 Dec '11, 8am

Hairy Mohd Salleh (left) is accused of one charge while ldris Makrob faces four charges of neglecting his duty. -- ST PHOT...

Property measures: Home prices may fall 30%, say analysts

Property measures: Home prices may fall 30%, sa...

straitstimes.com 09 Dec '11, 12am

Property prices could fall by as much as 30 per cent next year as a result of the Government's latest move to cool the mar...

Property cooling measures may cause price correction: agency

Property cooling measures may cause price corre...

channelnewsasia.com 08 Dec '11, 5am

SINGAPORE: At least one real estate agency thinks the immediate reaction to the latest cooling measures will be a slowdown...

Finally tough effective measures to rein in pro...

singaporemind.blogspot.com 09 Dec '11, 1am

A few months ago, it was reported that a foreign investment firm was taking a Singapore developer to court over poor finis...