Bloomberg News

Stamp Duty, Slowdown Deter Chinese Homebuyers in Singapore

August 27, 2012

The imposition of Additional Buyer’s Stamp Duty in December and the slowdown in China’s economy in the second quarter has led to a decrease in Chinese homebuyers in the city-state, according to a report by HSR Global this month.

From January to August this year, Malaysians completed 1015 transactions compared to 758 for Chinese buyers, the report said.

To contact the reporter on this story: Tanya Angerer in Singapore at tangerer@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net


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