May 5, 2023

Singapore ranks No. 1 in the world for highest stamp duty rates on foreigners buying homes

The Additional Buyer’s Stamp Duty (ABSD) rate hike last week was perhaps the most punitive for foreigners planning to buy a home in Singapore. Among the rate increases announced late Wednesday night on 26 April 2023, the hike for foreigners was among the highest at 100%, doubling from 30% to 60% on any residential property…

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