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Do you think Singaporeans should pay 5 per cent Additional Stamp Duty (ABSD) for buying their first property priced above S$1 million?
As demand from locals and Singapore PRs purchasing homes for owner-occupation has been growing stronger and is expected to rise next year, do you think Singaporeans should pay 5 per cent Additional Stamp Duty (ABSD) for buying their first property priced above S$1 million?
What impact do you think it will have?
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cctzjd
24 Dec 2024
Own time own target at Self Employed
No. Singaporeans should not need to pay ABSD for first ever property.
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Lousy idea
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Why is it so hard to get a house as single singaporeans
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Yes. Rich people should pay up to society. Rich people earn money like water while peasants work lik...
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Introducing a 5% Additional Stamp Duty (ABSD) for first-time property buyers above S$1 million could dampen demand among locals, making it harder for first-time buyers to afford their desired homes. It may slow down price growth, especially in the higher-end market, but could also encourage more balanced demand across different property segments and reduce speculative buying.