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Thread: S'poreans unfazed by foreign property

  1. #1
    Join Date
    May 2012
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    2,429

    Default S'poreans unfazed by foreign property

    http://www.businesstimes.com.sg/prem...rbs-20131221-0


    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.

  2. #2
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    No wonder people are still strong in regional property investment looking at the high property gain tax of UK.
    Quote Originally Posted by princess_morbucks View Post
    http://www.businesstimes.com.sg/prem...rbs-20131221-0


    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.

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