Property measures: Sellers have to hold on to private homes for longer, stamp duty rises
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Analysts say changes to seller's stamp duties for private home owners will help prevent sharp price increases and spread out demand. Such home owners must now hold on to their property for a minimum of four years, or pay seller's stamp duty. This is up from the previous three-year period. The changes apply to properties purchased from Jul 4. Professor Sing Tien Foo, Provost Chair Professor, Department of Real Estate at NUS Business School, and Desmond Sim, Group CEO at Realion, discuss the new
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