OPINION: Singapore cooling seen as overkill

Property-report.com, 19 Jan 2011The harshest part is raising sellers’ stamp duty and making it payable for as long as 4 years from the date of purchase. This is basically taxing any seller within the first 4 years of purchase, regardless if the seller has a gain or loss. This is a blow to the sentiments of genuine buyers and investors, who have eyed Singapore as the blue chip market for property