CNA

New stamp duty rules are ‘indirect attack’ on rising HDB flat prices: Property analyst

Private homeowners in Singapore who sell their properties within four years of buying them will now have to pay a seller's stamp duty, up from the previous three-year period. The ...government said on Thursday (Jul 3) that this is aimed at tackling a sharp increase of people flipping their properties within a short period of owning them, especially of new homes not even built yet. The rules apply to private properties bought from Friday. Seller's stamp duty rates will also be increased by 4 percentage points for all holding periods. Alan Cheong, executive director for research and consultancy at Savills Singapore, shares his insights with CNA’s Asia First.

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