Citizens of five countries unaffected by new ruling

[cl0ver]

source from Propertyguru:
http://www.propertyguru.com.sg/prope...d-by-new-rulin

So fast, looking for loopholes!


Citizens of five countries, including the United States and Switzerland, could avoid the newly imposed additional stamp duty when buying private homes in Singapore, due to their free trade deals with Singapore, according to The Straits Times.

The report added that similar treatment may also be given to citizens of Liechtenstein, Iceland and Norway, who will be treated as Singaporeans when acquiring property. This will enable them to avoid paying the additional 10 percent stamp duty when purchasing a property.

Many Singaporeans have blamed the increasing number of foreigners, particularly from China, for driving up property prices here, with overseas buyers accounting for 18 percent of the new homes sold in Q3, up from the 2007 peak of 15 percent.

[Jadey]

as long as china, india, indo and malaysia are not included, it shouldnt make any difference.

[mcmlxxvi]

Ya China Chinese be gone. Talk so bloody loud.... Even after midnight. Stay hdb suits best.

[CyrusChang]

Should exclude Malaysia!!!

[Komo]

good to exclude Indians...always press lift down to go up... what the fxxx!!!

[blackjack21trader]

the unaffected ones seldom interested in our property

[proud owner]

the unaffected ones seldom interested in our property

true except USA

[kane]

Americans like our property?

[nutzz]

is it me or CM5 looks like laundry fee?

[richwang]

true except USA

Do we get tax incentive when investing in USA property?
My brother rejected US green card due to global taxation.

Thanks,
Richard

[ysyap]

good to exclude Indians...always press lift down to go up... what the fxxx!!!

Oh yes... their rationale is simple... they are asking the lift to descend to pick them so must press down lah...

[Jonathan0503]

Oh yes... their rationale is simple... they are asking the lift to descend to pick them so must press down lah...

But usually you will only go up when you are on first or ground level. But ground level usually don't have down button to push one right?

[hyenergix]

Different convention. In Europe, '0' is ground floor, but here usually it is "1".