Private residential houses are seen near public housing estates in the Hougang area of Singapore. Photo: Bloomberg
Singapore targets super-rich with tax on homes bought through opaque trusts
  • Analysts said the extra stamp duty, which takes effect this week, is meant to close a loophole that can be used by high-net-worth individuals to avoid tax
  • The city state has been levying more duties on the wealthy to allay concerns of inequality, including higher taxes on some incomes, property and luxury cars
10 May 2022 - 9:15AM