Property Stamp Duty up by 10%

[longvision]

The foreign talent who said he can get occupation anywhere else in the world and may leave Singapore - please do that IMMEDIATELY.
Talk is cheap. Big talk. Hot air.
DO IT.
His "talent" is nothing to us. There are thousands or maybe even millions of others who can replace him.

He does not even know that Singapore has been bending over backwards to foreigners for the longest time already.
In some nearby countries, foreigners cannot easily own property and leases are in the name of the citizen whom they marry and for 30 years only.
In those countries you can pay the money in full and never see the Title Deed for a long time, if at all.

We support the Govt's move to increase the stamp duty.

Thread Starter - Stamp Duty on property purchase is not Property Tax.

Haha, you are good supporter of the Govt.

 

[ricohflex]

You still don't get it. If lots of rich foreigners buy ppty in Sing, locals will be priced out of the market. This rule is meant to protect you.

 

[yqt]

Land price bought high loan confirm high interest also alot. Its hard for them to tahan! true some development are able to profit after 70% sold but thats only a few n mainly those by feo.
Those are are the big timers with deep pockets but they not the only ones around, for medium n small developer it maight be quite a challenge for them.

Generally, that is true but you'll be suprise how many smaller developers who had bought land during the high price period are able to turn a profit without selling all the units. The simple fact that there is no hue and cry from the developers big or small over the latest move does say something

 

[melvin]

Generally, that is true but you'll be suprise how many smaller developers who had bought land during the high price period are able to turn a profit without selling all the units. The simple fact that there is no hue and cry from the developers big or small over the latest move does say something

lol...... smaller developers turn profit but whether profit is big or small we wont now but all developers would not want to build for nothing ie nobody buys / lease them.
Bro not that there is no hue n cry but the fact is they are the first one to make noise when the annocement was made on the day itself...lol....

 

[henry soh]

There is an announcement that developers must built and sell all residential properties within five years.