Cooling measures such as the additional buyers’ stamp duty (ABSD) have raked in around S$500 million (US$408 million) in tax revenue, according to Asia One. Of the combined cooling measures, the ABSD has contributed the majority of tax revenues, at S$450 million since it was introduced in December last year.
The remaining S$51 million came from the sellers’ stamp duty, which was implemented in 2010, according to the Inland Revenue Authority of Singapore. Full story
