ABSD

SINGAPORE BUDGET 2026

Property players call for lower ABSD on foreign buyers, review of EC income and loan caps

Other proposals floated include further tweaks to developers’ sales deadlines, lower consent threshold for en bloc sales

Condo buying by foreigners and investors could jump if ABSD is relaxed.
THE LEVEL GROUND

Imagining a housing market without ABSD

A world where the private homes market has fewer shackles and all locals can buy new HDB flats

Neo Say Chuan and his wife Tiong Bock Lian allege that they were induced by the salesperson’s representations into buying a unit in The Gazania using the two-step 99-1 structure.

Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal

This is in response to a case filed by a couple over the purchase of a unit at The Gazania

Amid some countries erecting trade barriers and multilateralism being undermined, Singapore could do well to build closer ties with rich foreigners.
THE LEVEL GROUND

Singapore wins when a foreigner pays S$6,274 psf for a luxury condo here

Lowering ABSD for sales of big ticket luxury condo homes to foreigners could yield benefits

Speaking at International Built Environment Week, Chee Hong Tat says: "As the projects grow more complex, the range of professional competencies required also (grows) significantly."

New licensing regime from 2028 for supervision of large-scale building works: Chee Hong Tat

From 2027, building owners and developers must also engage licensed firms to certify newer lifts and escalators meant for public use

Levies on additional cars would not be effective as only 5% of households here own more than one car, says Elaine Koh, director for private and shared mobility at the Ministry of Transport.

Car ownership in Singapore is progressive through additional registration fee: MOT 

Ministry was responding to a commentary in BT on introducing ABSD-like elements to the COE system 

Sales take-up at new condo launches might moderate amid higher US trade tariffs.
THE LEVEL GROUND

Trade tariffs may remove Fomo among new condo buyers, open the way to relax ABSD

With the general election over, if the new condominium market turns tepid, a window may open to cut Additional Buyer’s Stamp Duty rates

Li is suing PropNex Realty, its agent Ian Sng and City Law for about S$1.2 million after he had to top up the ABSD and pay surcharges imposed by Iras for his property transactions.

City Law denies having advised claimant in ‘99-to-1’ lawsuit

The firm says it only assisted in the conveyancing of Melvin Li’s property transactions