The REAL deal: Is Singapore property tax hike a boon for Malaysia?
The latest ABSD increase hits foreigners most with the doubling of the rate to 60%.
The latest ABSD increase hits foreigners most with the doubling of the rate to 60%.
SINGAPORE (Sept 26): On July 5, the government has acted to cool the red hot residential property market by introducing a fresh round of cooling measures, which included higher Additional Buyer’s Stamp Duty (ABSD) rates and tighter Loan-to-Value (LTV) limits.
Foreigners are expected to make a comeback in Singapore’s residential property market after shying away from it since 2012 following the imposition of the additional buyer’s stamp duty (ABSD).
The government recently announced that the seller’s stamp duty and holding period would be lowered for residential properties bought on and after March 11.