The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Mon, Feb 1, 2016 · 09:50 PM
Cost illustration

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.

ABSDKnight Frank

TRENDING NOW

Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

Canada’s fight with the US has far bigger stakes than trade

Vertical solar panels integrated into buildings are cited as one of several examples of green pathways that data centres can adopt.

Singapore’s new data centres must use renewables. Can they overcome the hurdles?

The peso has fallen about 7% since the onset of the US-Iran conflict on Feb 28, emerging as one of Asia’s worst performers.

Record remittances fail to shield Philippine peso’s slide from mounting pressures

SIA holds a 25.1% stake in Air India, whose majority shareholder is Indian company Tata Sons.

Air India investment has ‘not adversely affected’ SIA’s ability to serve Singaporeans for now: Jeffrey Siow

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More