Advertisement
Free-market Singapore has levied massive stamp duties on foreign investors and domestic buyers of multiple homes:
From the Straits Times:
From Thursday (Dec 16), the additional buyer’s stamp duty (ABSD) that must be paid for purchases of residential properties will be raised.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.