PropNex proposes new way to tweak ABSD

Singapore

PROPNEX Realty has proposed a tiered approach to tweaking the additional buyer's stamp duty (ABSD) in its recommendations on how property cooling measures can be adjusted.

Its detailed proposal was released amid increasing calls from the real estate industry for the government to review its cooling measures as the Singapore Budget draws near. A fuller list of recommendations has been submitted to the Ministry of Finance and the Ministry of National Development.