Friday 29 Mar 2024
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SINGAPORE (Feb 21): Morgan Stanley says the increase in Buyer's Stamp Duties (BSD) announced in Budget 2018 is not enough to derail Singapore's ongoing home price recovery although this could weigh on sentiment on Singapore developer stocks in the near term.

The marginal BSD rate was increased from 3% to 4% for the portion of property values above S$1 million, effective from Tuesday.

Lead analyst Wilson Ng says for a typical S$1.5 million home, the effective BSD paid will increase by S$5,000 or a 33bps to S$44,600. He estimates primary home sales transactions in 2017 would have attracted an additional 0.3% in stamp duties in total under the new structure... (Click here to read the full story.)

 

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