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Stamp Duty, Slowdown Deter Chinese Homebuyers in Singapore

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Aug. 28 (Bloomberg) -- The imposition of Additional Buyer’s Stamp Duty in December and the slowdown in China’s economy in the second quarter has led to a decrease in Chinese homebuyers in the city-state, according to a report by HSR Global this month.

From January to August this year, Malaysians completed 1015 transactions compared to 758 for Chinese buyers, the report said.

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To contact the reporter on this story: Tanya Angerer in Singapore at tangerer@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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