In new measures announced Thursday, foreigners will pay 60% tax on any residential purchase, while the rate for using an entity or a trust was raised to 65%, preventing any circumvention of the rules
Chinese Wealthy in Singapore: Spending lavishly, but not investing locally theonlinecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theonlinecitizen.com Daily Mail and Mail on Sunday newspapers.