SINGAPORE: Fewer foreigners bought condominium units in the second quarter of 2023 as they were apparently deterred by the doubling of the additional buyer’s stamp duty (ABSD) for foreign buyers to 60% in end-April.
A total of 205 private non-landed homes were bought by foreigners in the second quarter, down 22.6% from 265 units in the previous quarter, a report by OrangeTee & Tie released last week showed. The figures exclude executive condominiums which foreigners are not allowed to buy.
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