08 Dec '11, 4am

In an uncharacteristic move, #Singapore imposes a new tax on #property purchases by foreigners.

7 December 2011 Additional Buyer's Stamp Duty for a stable and sustainable property market The Government announced today an Additional Buyer's Stamp Duty (ABSD) to be imposed on certain categories of residential property purchases. The ABSD will be imposed over and above the current Buyer's Stamp Duty, and will apply to the purchase price or market value of the property (whichever is higher) for the following purchases: Foreigners and non-individuals1 (corporate entities) buying any residential property will pay an ABSD of 10%; Permanent Residents (PRs) owning one2 and buying the second and subsequent residential property will pay an ABSD of 3%; and Singapore Citizens (Singaporeans) owning two2 and buying the third and subsequent residential property will pay an ABSD of 3%. The ABSD will take effect on 8 Dec 20113 . Remission of ABSD will be given for options granted on o...

Full article: http://www.ura.gov.sg/pr/text/2011/pr11-162.html

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...

Govt to impose additional buyer's stamp duty fo...

straitstimes.com 07 Dec '11, 1pm

File photo of agents and prospective buyers looking at the scale model of Bedok Residences. The government has announced o...

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...

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...

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...

Property measures in Singapore - Lucky

tankinlian.blogspot.com 11 Dec '11, 1am

I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy compa...

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...

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...

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...

Singapore still top market for property investments: Survey

Singapore still top market for property investm...

straitstimes.com 06 Dec '11, 12am

Singapore is regarded as the region's most favourable market for commercial real estate next year despite a gloomy global ...

Real estate agencies launch electronic network on property information: SINGAPORE: Eleven real estate agencies h...

Real estate agencies launch electronic network ...

channelnewsasia.com 08 Dec '11, 1pm

SINGAPORE: Eleven real estate agencies have joined hands to launch an electronic network that will provide exclusive prope...

Dear IRAS, why should rising HDB rents mean I pay more property tax? Isn't that's what tax on capital gains is for?

Dear IRAS, why should rising HDB rents mean I p...

straitstimes.com 04 Dec '11, 12am

Rising rents of HDB flats have led to an increase in their market values, which in turn are attracting a higher property t...

HDB property tax to rise, rebate to ease impact

todayonline.com 02 Dec '11, 9pm

SINGAPORE - Property tax on Housing and Development Board (HDB) flats is set to rise from next year, after annual values (...

Singapore Property Classifieds #18

Singapore Property Classifieds #18

thefinance.sg 06 Dec '11, 2am

Singapore Property Classifieds #18 by Propwise.sg on December 6, 2011 For Sale [email protected], #09- ,soho1/w loft/635sf/vaca...

Study suggests local commercial property market...

todayonline.com 05 Dec '11, 9pm

SINGAPORE - While the Republic retained top spot for prospects in commercial property investment and development next year...