The latest round of property curbs has come as a surprise to buyers as well as developers, who have greeted the new rules with unhappiness.
Developers, in particular, have been hit with a higher Additional Buyer's Stamp Duty (ABSD) - 25 per cent instead of 15 per cent - and an extra ABSD of 5 per cent that cannot be waived, even if they sell all their units in time.
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