⚠️𝙉𝙀𝙒 𝘾𝙊𝙊𝙇𝙄𝙉𝙂 𝙈𝙀𝘼𝙎𝙐𝙍𝙀𝙎⚠️

https://www.mnd.gov.sg/newsroom/press-releases/view/measures-for-a-sustainable-property-market

The specific ABSD rates increases are as follows:

a. Raise ABSD rate from 17% to 20% for Singapore Citizens (SCs) purchasing their 2nd residential property;

b. Raise ABSD rate from 25% to 30% for SCs purchasing their 3rd and subsequent residential property, and Singapore Permanent Residents (SPRs) purchasing their 2nd residential property;

c. Raise ABSD rate from 30% to 35% for SPRs purchasing their 3rd and subsequent residential property;

d. Raise ABSD rate from 30% to 60% for foreigners purchasing any residential property; and

e. Raise ABSD rate from 35% to 65% for entities or trusts purchasing any residential property, except for housing developers.