Singapore may lose status as major investment destination

Singapore's reputation as a major property investment destination could be damaged by the implementation of heavier stamp duties, according to The Straits Times.

The report noted that the new rules could boost the status of rivals such as Britain and Hong Kong, which do not have such restrictions.

http://www.propertyguru.com.sg/property-...tment-dest

its either lose status or lose election... anyway... intl bankers stop the BS la... higher price for eveything is not he solution for higher cost of living....