Real Estate

Singapore raises ABSD stamp duties to cool property market

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Singapore-based online property portal PropertyGuru maintains a “conservative outlook in 2023” amid challenges, and expects full year 2023 revenue of between 160 million Singapore dollars and SG$170 million and adjusted EBITDA of between SG$11 million and SG$15 million.

Wei Leng Tay | Bloomberg | Getty Images

SINGAPORE — Singapore is raising taxes for property purchases amid concerns that surging prices “could run ahead of economic fundamentals.”

In a fresh round of cooling measures announced late Wednesday, the government said both local and foreign buyers of residential properties will now have to pay higher additional buyers’ stamp duties. The changes will take effect from today, the…



Source cnbc.com

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