Any capital gains tax may hit Singapore mass-market condos the most: survey

Singapore

IF Singapore starts taxing all gains from selling properties or reintroduces an inheritance tax, demand for mass-market condominiums is expected to be dampened the most, a survey found.

A dip in foreign buying activity is also likely, although only a minority of Singaporean investors may decide to focus more on overseas markets, real estate executives said in a poll by the National University of Singapore Real Estate (NUS+RE).