Meet rental demand by letting developers keep ownership of some condo units without hefty penalties
With the ABSD regime curbing investment demand, fewer private homes may be available for lease in future
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[SINGAPORE] Building wealth from investing in private homes in Singapore can make sense given the country’s safe haven status in a turbulent world.
However, building ownership of a portfolio of private homes for leasing out and achieving capital gains via divestments is tricky.
A Singapore citizen pays additional buyer’s stamp duty (ABSD) of 20 per cent for buying a second home and 30 per cent for buying a third and subsequent home.
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