As part of the new measures, foreign buyers are to pay an ABSD of 60%, double what they used to pay.
Share prices of several developers dropped on opening this morning, following a new set of cooling measures imposed by the government.
As at 9.09am, CapitaLand Investments was down as five cents, or 1.29%, to $3.84; City Developments was down 23 cents, or 3.14% to $7.09. UOL Group, meanwhile, was down 19 cents, or 2.64% to $7.
