Property analysts has seen condominium resale prices rose 9% on a year on year basis, with all regions experiencing price increases. With the Singapore’s border opening, the resilient demand likely signals a recovery in the condominium resales market following the immediate effects of property cooling measures launched in 16th December 2021.
On 9th of May 2022, the Ministry of Finance announced it was imposing an Additional Buyer’s Stamp Duty (ABSD) of 35% on any transfer of residential property into a living trust.
Source: Business Times
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