ABSD Changes for Foreigners Buying Residential Property (Updated 2023)
From Dec 2021, foreigners will now pay 30% of Additional Buyer Stamp Duty when buying any property in Singapore, a steep 10% jump from the previous rate.
From Dec 2021, foreigners will now pay 30% of Additional Buyer Stamp Duty when buying any property in Singapore, a steep 10% jump from the previous rate.
While foreigners are hit the hardest by the latest cooling measures, which saw ABSD rates doubling
There are 3 main factors to be mindful of when buying a second home – eligibility, affordability and intent. Have you taken all of them into consideration?
AKA: How to (legally) avoid paying ABSD
Stamp Duty is an inevitable part of buying a property, and it’s not the only cost of buying a home to deal with and accounted for in your financial planning.
Should you get an HDB loan or a bank loan? There are pros and cons for each, mostly related to eligibility, interest rate, and downpayment amounts.
You reap what you sow