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Property Cooling Measures In Singapore: Will 60% Foreigner ABSD Really Affect Singapore’s Property Market?

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Dex
Dex
1 year ago

I think it’s also optics to show they’re doing something about the inflows of money.. the othe real question is whether they’re doing enough on immigration policy, else what you see as “local buyers” could just be freshly minted Singaporeans/PRs

Stacked Homes
Admin
1 year ago
Reply to  Dex

Raising the ABSD makes sense financially – with the foreign inflow of money into properties increasing, it only makes sense for the government to benefit from this by earning more tax. Why shouldn’t the country benefit from this too. Immigration is tricky. We can understand the need to raise the population to keep us relevant, but also not so much that Singaporeans here feel a loss of identity. Maybe we should make all new citizens go through NS so they can earn their Singaporean identity XD

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