Singapore whacks foreign investors with massive stamp duty hike

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Free-market Singapore has levied massive stamp duties on foreign investors and domestic buyers of multiple homes:

Singapore stamp duty reforms

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.

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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.