In a bold move to regulate the real estate market, Singapore has recently announced a significant increase in the Additional Buyer’s Stamp Duty (ABSD) rate for foreign property buyers. Effective immediately, the ABSD rate has been doubled from 30% to a staggering 60%. This decision aims to ensure a stable and sustainable property market, while prioritizing the housing needs of Singaporean citizens. With this new measure in place, the government seeks to strike a balance between attracting foreign investment and safeguarding the interests of local residents. Foreign property buyers will now need to carefully evaluate their options, while Singapore continues to solidify its position as a thriving and resilient real estate market.

When anyone is looking to secure a property, there are two important factors that i always use to help them analyse if a property has

Learn about co-living in Singapore, its legality, requirements, advantages and disadvantages, and what to take note of as a landlord. Contact me for more information.