SINGAPORE: The Government has introduced two new measures that will take effect Saturday to temper sentiments and pre—empt a property bubble from forming in the private residential market.It said they will help to ensure a stable and sustainable property market.
The first is a Seller’s Stamp Duty on all residential properties and residential lands that are bought after Friday and sold within one year from the date of purchase. The stamp duty will be applied at the standard ad valorem stamp duty rates for the conveyance, assignment or transfer of property. Full Story
Related:
Singapore Unveils Steps to Stabilize Property Market - BusinessWeek
Singapore moves to cool residential property market - The Malaysian Insider
