Property Tax

[corydorus]

First that Broker says sales come down due to extra tax, and then say foreigner only 10%.
If foreigner impact is little, then why sales come down leh ?

Property is quite inelastic. Foreigner speculation can ramp up prices.
That's why sinkie gov smart to apply ABSD on foreigners. 

http://www.straitstimes.com/business/for...tion-plans

link



Cory

[soros]

The report says Vancouver has slapped on extra 15% tax for foreign buyers starting from this month 2016.

But this 15% tax for foreign buyers already applies to the Hong Kong property since 2013.

http://www.telegraph.co.uk/finance/perso...gners.html

"That's why sinkie gov smart to apply ABSD on foreigners". - is it 15% tax on foreigners in Singapore ???