In what was described as a “pre-emptive measure”, the authorities imposed yet another round of property cooling measures earlier this year. The most salient change was the doubling of Additional Buyer’s Stamp Duty (ABSD) to a hefty 60% for foreigners purchasing residential property in Singapore, while tax rates were also stepped up across the board […]

source: https://thefinance.sg/2024/01/02/2024-outlook-for-singapores-property-sector-and-top-s-reits-to-look-out-for/