Singapore just increased foreign taxes to 60% of the purchase price because they are flooded with Chinese and OS buyers who buy up new properties and leave them empty. Hong Kong has a vacancy tax on new property being left empty because of the flood of Chinese money and investors just parking cash by investing in the property market. Australia is next and already here. More Immigrants means more hot Chinese cash to buy up whole buildings leave them empty . Wake up Australia
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Singapore just increased foreign taxes to 60% of the purchase...
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