Losing your Additional Buyers Stamp Duty (ABSD) remission is a huge deal; the financial damage can take years to recover from, and it’s a real risk for upgraders who buy into new units before selling their current ones. In today’s piece, we take a look at some fallback measures for those who might find themselves possibly missing the six-month ABSD deadline: Qualifying for ABSD-Remission When Singaporeans purchase their second property, they’re required to pay the Additional Buyers Stamp Duty (ABSD). For Singapore Citizens (SCs), this is 12% of the property price or value – whichever is higher. For Singapore Permanent Residents (SPRs), this amounts to 15%. ABSD – like all stamp duties – is payable within two weeks of completing the Sale & Purchase agreement. It can be paid through cash or CPF. It is also a compulsory tax for those that intend to sell your original home –...