Singapore government announces measures to help property market

Property Report, 22 Jan 2009, Khalil Adis

The Singapore government has announced various measures to help the property market in its Budget 2009 announcement in the face of the worsening economic crisis.

Owner-occupied homes will enjoy 40 percent property tax rebate in 2009 that will costs the government S$75 million.

Home buyers will also get more help to pay for their first home.

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