Foreigners looking to buy property in Singapore will have to fork out some serious dough. The city-state just doubled its Additional Buyer's Stamp Duty to 60%, the highest property tax rate in the world. Singapore finance
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If a foreigner were to buy a $5 million property in Singapore, they’d have to pay 65 percent in taxes, or about $3.25 million. In other major international hubs, the taxes would be much less: Foreigners in Vancouver and Hong Kong have a tax rate of 29 percent, while London, Melbourne, and Sydney are all in the 14 percent range. New York, in comparison, has a pretty low tax rate of just 4.3 percent.
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