Singapore Doubles Foreigner Property Tax - Could it Benefit London's Property Market?
Singapore has recently announced that it will double the property tax on foreign buyers. The ABSD rate has been doubled from 30 to 60 per cent for any residential property purchase by foreigners, including foreign corporations that are not housing developers. A move that could have implications for the global property market. While the primary aim of this measure is to cool the city-state's housing market, it could potentially benefit other cities, such as London. In this blog post, we'll explore how Singapore's doubled foreigner property tax could benefit London's property market.…