<div id="readability-page-1"><div><p>[SINGAPORE] It will soon be five years since I started writing this column on property-related matters. Often, I dwell on topical issues. Occasionally, I wander into more blue sky topics.</p><p>Today, I imagine a Singapore housing market where there is no additional buyer’s stamp duty (ABSD). For one, if ABSD were removed, I will take a big step forward in buying another home here. </p><p>ABSD was first introduced in December 2011. Today, it is not applicable to a Singapore citizen buying a first home. However, various other buyer profiles pay ABSD on home purchases. For example, a local buying a second home pays 20 per cent ABSD, while a non-permanent resident (PR) foreigner buying any home pays 60 per cent ABSD.</p></div></div>

02011

<p>The article explores the potential impact on Singapore's housing market if the Additional Buyer's Stamp Duty (ABSD) were removed. ABSD, introduced in 2011, affects various buyer profiles, including locals buying second homes and foreigners purchasing any home. The author imagines a scenario without ABSD, suggesting it would encourage more home purchases.</p>

Imagining a housing market without ABSD