Singapore’s Property Tax Session Outcomes – Tax
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We believe the set of cooling measures will push traders to industrial properties in Malaysia that would potentially supply better returns than residential properties,” mentioned Sarkunan Subramaniam, Kuala Lumpur-based managing director at global property consultancy agency Knight Frank. Malaysia’s moves follows comparable efforts in different parts of Asia to ease surging property costs. In Indonesia, the central financial institution announced new mortgage regulation to lift the minimal down fee for additional property purchases. In June, Singapore’s central bank imposed new rules to discourage “imprudent” property loans to individuals, whereas Hong Kong doubled levies for certain transaction in the city’s property sector.
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