27/04/2023
Breaking News!
Nowadays such property cooling measures must be announced near midnight so that there is no time to react.
This new property measure of increasing property buyers' Additional Buyer Stamp Duty (ABSD) from 30%-60% for foreigners and 35%-65% for entities and trusts is potent. Though industry observer might say it affects only 10% of all property transactions, the message it sends will cause more than knee jerk effect.