ANNOUNCED AS TEMPORARYNo
FDI: Treatment and operations, nes
On 7 December 2011, the government of Singapore announced a disproportional increase of the stamp duty for foreign buyers of residential property.
In a move intended to dampen the rise of property prices, the Ministry of Finance introduced an Additional Buyer's Stamp Duty (ABSD) yielding a total stamp duty differing along nationalities:
Prior to the change, the common stamp duty had been 3 percent regardless of units bought and nationality of the buyer.
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