Investors are more than used to lock-in periods of seven to 10 years, especially those who are investing in private companies. An article in The Straits Times has advocated the removal of Singapore"s Additional Buyer"s Stamp Duty policy ( The Straits Times ), which currently enforces levies of 7% on all foreign buyers purchasing a home and 15% on European buying a third property. The article seeks to argue that the threat of a housing bubble has been suitably eliminated and the property market is now stable enough to warrant the removal of ABSD , which acts as a deterrent to foreign investors seeking the "safe haven" of Singapore amidst concerns over the European and Chinese markets.
An article in The Straits Times has advocated the removal of Singapore"s Additional Buyer"s Stamp Duty policy ( The Straits Times ), which currently enforces levies of 7% on all foreign buyers purchasing a home and 15% on European buying a third property. The article seeks to argue that the threat of a housing bubble has been suitably eliminated and the property market is now stable enough to warrant the removal of ABSD , which acts as a deterrent to foreign investors seeking the "safe haven" of Singapore amidst concerns over the European and Chinese markets.