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PropNex proposes new way to tweak ABSD

Asked if the government is seen as too cautious, Mr Tan said that the government has "no aversion to adjusting and changing when circumstances change". He said: "It's a question of whose timeline are we operating on."


PROPNEX Realty has proposed a tiered approach to tweaking the additional buyer's stamp duty (ABSD) in its recommendations on how property cooling measures can be adjusted.

Its detailed proposal was released amid increasing calls from the real estate industry for the...

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