Singapore’s new property tax won’t hurt these foreign buyers

SINGAPORE, May 12 (Bloomberg): Property buyers of certain nationalities including the US are exempt from Singapore’s recent tax hike for foreigners.

Nationals from the US, Iceland and Norway, among others, are accorded the same stamp duty treatment as Singapore Citizens. This policy - based on respective free trade agreements - came into operation in 2013.

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Singapore , New Property Tax , Foreigners , Some , Not Affected

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