More property cooling measures announced – 11 Jan 2013 – Video

This video describes the property cooling measures implemented in January 2013 in detail. Some of the policies include imposing additional buyer stamp duty (ABSD) on Singaporean permanent residents (PR) buying their first property and on Singaporeans buying their second property.

The industrial property segment is also affected with a seller stamp duty. This round of cooling measure is to prevent a property bubble from occurring in the Singapore Property Market.

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