SINGAPORE -- Singapore announced the increase of taxes on purchases of residential property late Wednesday, as the real estate market in the city-state remains hot, fueled in part by interest from prospective buyers overseas.
Property
Singapore doubles tax for foreigners' home purchases
City-state raises duty to 60% from 30% to cool hot real estate market
The Singaporean government on April 26 announced tax increases on the purchase of residential property as it tries to cool a market heated up by the easing of the COVID-19 pandemic. © Reuters
Read Next
Latest on Property
