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Fresh set of property cooling measures with immediate effect

The Edge Singapore
The Edge Singapore12/16/2021 12:16 AM GMT+08  • 2 min read
Fresh set of property cooling measures with immediate effect
If left unchecked, prices could run ahead of economic fundamentals
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Following months of speculation by the industry amid a buoyant market, the government has introduced a new set of cooling measures that will take effect immediately.

The last set of cooling measures were introduced back in July 2018.

Among others, the additional buyer’s stamp duty for the second residential property bought by Singapore citizens, has been raised to 17% from 12%. For the third and subsequent properties bought by Singaporeans, it is now 25%, up from 15%.

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