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HK housing curbs may be a boon for Singapore property

Analysts expecting fallout from Nov hike in stamp duty to 30% for foreigners

Published Thu, Jan 19, 2017 · 09:50 PM
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Singapore

SINGAPORE'S three-year decline in home prices could see relief from an unexpected quarter in 2017: Hong Kong.

So says Cushman & Wakefield Inc, which expects the slide in the city-state's home prices to end this year as foreign investors turned off by Hong Kong's move to increase the stamp duty for overseas buyers look to Singapore instead.

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