Positive sentiment after change in seller’s stamp duty rules

Visitors to show-flats yesterday were upbeat after the change in seller's stamp duty (SSD) rules announced by the Government on Friday, saying that it gave them more of an incentive to invest.

Among the property measures announced was the change in the SSD rules. Buyers who buy a property from yesterday will not have to pay SSD if they sell it after three years. Previously, property investors could only avoid SSD if they sold their properties after four years. The SSD rates were also cut by four percentage points for each tier.

positive sentiment after new stamp duty change