Singapore Implements Property Tax Increase to Curb Soaring Rents and Prices
TL;DR
Singapore's property market is experiencing soaring residential rents, with some landlords increasing rents by 60%, 75%, and even 100%. This is causing concern for the city-state's bid to overtake Hong Kong as Asia's premier financial hub. The rising rents are impacting expats and locals alike, with many struggling to afford the high cost of living.
- 'That's Just Crazy': The Metropolis Where Rents Rise 60%, 75%, Even 100% The Wall Street Journal
- Singapore increases property tax to slow the boom in housing prices | 7NEWS 7NEWS Australia
- Changes to ABSD a preemptive measure: Desmond Lee The Straits Times
- Singapore Property Tax Is an Attempt to Rein In the Sector Bloomberg
- OPINION | Latest property cooling measures over the top, miss the point - Singapore News The Independent
Want the full story? Read the original reporting
Read on The Wall Street Journal