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Foreigners bear the brunt following additional buyer's stamp duty hike | Video

03:35 Min

Singapore is taming its red-hot property market to give priority to locals wanting to buy their first homes, hiking the additional buyer's stamp duty (ABSD) overnight. Foreigners are bearing the brunt, with a doubling in their home purchase taxes. Rebecca Metteo reports.

Singapore is taming its red-hot property market to give priority to locals wanting to buy their first homes, hiking the additional buyer's stamp duty (ABSD) overnight. Foreigners are bearing the brunt, with a doubling in their home purchase taxes. Rebecca Metteo reports.

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