07 Dec '11, 2pm

Additional stamp duty for private property purchases

I am just dumbfounded by the latest move by the Spore Govt. Why? Why? Why? Why they always move so late? Damage already done...and now economy is going to be very bad for the next few years to come....plus with all the property curbs measures in-place, the demand for private housing has already stablized...in fact it has already fallen. With prices of private housing expected to drop in time to come, when come out with further measures? Ain't Spore driving away the foreigners to buy the private houses? Without their purchase, the prices will dive much further...is that worse given that so many Singaporeans are already holding on to a private property or have recently just purchased one. Plus, with a much greater supply of private housing over the next few years plus the influx of more EC coming up....I can only see property prices dropping much further. So those people who...

Full article: http://sg.news.yahoo.com/additional-stamp-duty-for-privat...

Tweets

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