Will the 60% ABSD on foreigners be reviewed?

As of July 2025, the Additional Buyer’s Stamp Duty (ABSD) rate for foreigners purchasing any residential property in Singapore remains at 60%. This rate was introduced in April 2023 as a significant cooling measure to address housing affordability and curb property speculation from overseas buyers.

There is currently ongoing industry discussion about whether this relatively high ABSD rate should be reviewed, given its substantial impact on foreign demand and market dynamics. However, there have been no official announcements or confirmed government plans to reduce or adjust the 60% ABSD for foreigners at this time. The rate remains in place to support the Singapore government's long-term objectives of market stability and affordability for citizens and permanent residents. The ABSD regime is periodically reviewed along with other property market policies, but any changes would be publicised by the authorities if and when they are decided.

For now, all foreign buyers of residential property in Singapore are required to pay 60% ABSD on the purchase price or market value, whichever is higher. This excludes commercial and industrial properties, which are not subject to ABSD.