Malaysian property developers with projects in Singapore will have to rethink their strategy, including selling more to Singaporeans, after the island nation came out with a new ruling on additional tax for foreign buyers early this month, said Ho Chin Soon Research Sdn Bhd director Ho Chin Soon.
"There is a big effect because for the top brands (of Malaysian property developers) who are there, the buyers are mostly Malaysian buyers who follow their brand. Malaysian developers with projects there now need to change their strategy and sell to Singaporeans," he said. Full story
