18 Jul '14, 5am

Ease ABSD for Singaporeans, urges Wing Tai boss... But it should be kept for foreigners as hot money remains an...

Ease ABSD for Singaporeans, urges Wing Tai boss... But it should be kept for foreigners as hot money remains an...

Mr Cheng: 'This can be a win-win situation for both the industry and the domestic investor market.' - FILE PHOTO [SINGAPORE] Wing Tai chairman Cheng Wai Keung has a solution for the property sector's angst over the ABSD (additional buyer's stamp duty) : "Keep ABSD for foreign buyers but fine-tune it for Singaporeans who wish to buy more than one property." He argues that the ABSD should be retained for foreigners who buy residential property, as the danger posed by foreign hot money still lurks. However, there is scope to fine-tune the ABSD for Singaporeans, given that the total debt servicing ratio (TDSR) framework is in place to limit their debt exposure. Foreigners buying any residential property here pay 15 per cent ABSD; the same rate applies to buyers that are corporate entities. Singaporeans are spared ABSD when they buy their first residential property. But they ha...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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Ease ABSD for Singaporeans, urges Wing Tai boss #Singapore #property

Ease ABSD for Singaporeans, urges Wing Tai boss...

businesstimes.com.sg 17 Jul '14, 10pm

[SINGAPORE] Wing Tai chairman Cheng Wai Keung has a solution for the property sector's angst over the ABSD (additional buy...

#GlobalREBubble #Singapore 'Fine-tune ABSD for ...

propertyguru.com.sg 21 Jul '14, 6am

Given the burden imposed on buyers by the seller’s stamp duty (SSD) and the total debt servicing ratio (TDSR) framework, t...

Too early to ease Singapore property cooling me...

stproperty.sg 24 Jul '14, 11am

The Monetary Authority of Singapore said it is too early to ease property cooling measures as prices remain high - PHOTO: ...

Too early to ease Singapore property cooling me...

ow.ly 24 Jul '14, 11am

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