Singapore added more measures to curb speculation on residential and industrial properties after home prices climbed to a record and the value of logistics buildings doubled over the past three years.
The stamp duty for homebuyers will increase as of tomorrow by between 5 percentage points and 7 percentage points, the government said in an e-mailed statement today. Permanent residents will have to pay the additional tax when they buy their first home, while Singaporeans will have the levy starting with their second purchase, according to the statement. Full story
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