REWRITTEN MESSAGE: Will ABSD increase after SG election?

While there is no definitive announcement from official channels, there are several indicators and discussions that suggest the possibility of changes to the Additional Buyer’s Stamp Duty (ABSD) rates after the upcoming General Election in Singapore.

Historically, ABSD rates have only increased, never decreased, whenever the policy has been tweaked. The recent discussions and speculation suggest that the government might be considering new cooling measures, including the possibility of applying ABSD to Singaporean buyers purchasing their first home, especially for properties exceeding $1 million. However, this is still speculative and not confirmed by any official sources.

The current market dynamics, such as the wide price gap between HDB flats and private condos, and the rising concerns over resale flat prices, might prompt the government to introduce new measures to manage the property market. However, any specific changes to ABSD rates would depend on the government's policy decisions post-election.

For the most accurate and up-to-date information, it is advisable to follow official announcements and updates from the relevant authorities.