Singapore still cost competitive for luxury home buys despite ABSD: study
Its tax and property costs for a property worth US$10m and above are lower compared with London, Sydney
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Singapore
EVEN after factoring in the hefty additional buyer's stamp duty (ABSD) of 15 per cent on foreign property buyers, Singapore is still cost competitive compared to London and Sydney for luxury home purchases.
This was among key conclusions stemming from an inaugural Global Tax report by Knight Frank and Ernst & Young.
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