Singapore’s Marina Bay. File photo
Singapore’s Marina Bay. File photo

Singapore’s additional stamp duty hike for foreigners ‘earth shattering’ for luxury market but unlikely to dampen demand from ultra rich

  • Raising of additional buyers’ stamp duty from 20 per cent to 30 per cent seen as having short-term impact; won’t deter those seeking homes in the S$30 million-plus range
  • Chinese, Indians and Americans are the largest investors in the city state’s property market, but US buyers will be exempt due to free-trade agreement

Topic |   Asia housing and property
Singapore’s Marina Bay. File photo
Singapore’s Marina Bay. File photo
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