27/04/2023
Singapore maintained the top ranking for effectiveness! Today, 27th April 2023, We proudly announce the latest cooling measures at the stroke of midnight!
To all the fellow Singaporeans, please wait no further in buying your first property. Is now a good time to buy a house?
My advice to you is- There is no “best” time or “worst” time to buy property. The only bad time to buy a house is later.
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)
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 residenial property; and
e: Raise ABSD rate from 35% to 65% for entities or trusts purchasing any residential property except for housing developers.
