Citizens of 5 countries to pay same stamp duty as Singaporeans !!!

[aangsc]

Citizens of five countries that have free trade deals with Singapore, including the United States and Switzerland, will be treated as Singaporeans for the purposes of the new stamp duty measures.
When they buy a private home, Americans, Swiss and nationals from Liechtenstein, Norway and Iceland will be treated the same as Singapore citizens, the taxman said in a guide on Wednesday.
This will enable them to avoid the new 10 per cent additional buyer's stamp duty that foreigners now have to pay when they buy a private home.
Free trade agreements usually ensure that a country's citizens are accorded certain trade protections when they are in the partner nation.

 

[BuiKia]

Hmm?? I thought it was for trades between countries?

 

[aangsc]

Hmm?? I thought it was for trades between countries?

Maybe soon we can also have FTA with China, Philipines and India - the floodgate will be re-open !
Anyone know enough about FTA to share how this is related to individual foreigner buying our private property , so it seem companies registered in those 5 countries should righfully be treated the same as Singaporeann as well ?