Key Points
Singapore Property Tax: For foreigners buying any home, the tax rate doubled to 60% from 30%..
Shares of Singapore developers fell.. Singapore is raising property taxes in a bid to cool its red-hot housing market, amid mounting concern that an influx of wealth into the city-state is hurting affordability for locals and its competitiveness as a financial hub...
The government is increasing stamp duties for second-home buyers and foreigners purchasing private property, it said in a statement..
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