Among others, the additional buyer’s stamp duty for the second residential property bought by Singapore citizens, has been raised to 17% from 12%. For the third and subsequent properties bought by Singaporeans, it is now 25%, up from 15%.
Following months of speculation by the industry amid a buoyant market, the government has introduced a new set of cooling measures that will take effect immediately.
The last set of cooling measures were introduced back in July 2018.
