princess_morbucks
21-12-13, 08:42
http://www.businesstimes.com.sg/premium/top-stories/sporeans-unfazed-foreign-property-curbs-20131221-0
http://www.businesstimes.com.sg/sites/businesstimes.com.sg/files/imagecache/filenamee/SingaporeInvestors211213e.jpg
PHOTO: BLOOMBERG
Singapore
SINGAPORE investor interest in overseas property is unlikely to change drastically because of a recent string of measures introduced by governments abroad on foreign investors, market watchers said.
The latest move came from the UK, which is imposing a capital gains tax on foreign investors of up to 28 per cent on profits made on sales after April 2015.
This follows several recent changes introduced in Malaysia, including a 3 per cent levy on foreign purchasers of property in Penang from next February, and planned higher assessment charges on Kuala Lumpur homebuyers.
http://www.businesstimes.com.sg/sites/businesstimes.com.sg/files/imagecache/filenamee/SingaporeInvestors211213e.jpg
PHOTO: BLOOMBERG
Singapore
SINGAPORE investor interest in overseas property is unlikely to change drastically because of a recent string of measures introduced by governments abroad on foreign investors, market watchers said.
The latest move came from the UK, which is imposing a capital gains tax on foreign investors of up to 28 per cent on profits made on sales after April 2015.
This follows several recent changes introduced in Malaysia, including a 3 per cent levy on foreign purchasers of property in Penang from next February, and planned higher assessment charges on Kuala Lumpur homebuyers.