S'pore, HK impose highest property tax on foreigners

Singapore

WHEN investors buy an overseas property, they look not just at total returns but also at liabilities - especially taxes on acquisition, holding, and exiting.

A Knight Frank analysis report released on Friday has found that the more mature and open markets of Hong Kong and Singapore have some of the highest tax burdens on foreign investors, on top of their already significantly more expensive homes in both land-scarce markets.

Conversely, South Korea, Thailand and Malaysia have more benign tax regimes, while Cambodia has some of the lowest…