The Singapore government has announced its latest round of cooling measures for the property market. Here's a quick summary, and how you can (legally) get around them. What are the latest changes? 1. Higher ABSD (Additional Buyers' Stamp Duty) If you're a Singaporean/PR buying your first property, you don't have to panic because there's no change for you. However, if you're purchasing your second property, you will now have to pay higher taxes i.e.an increase of 5% for Singaporeans and 10% for PRs. For foreigners and corporations buying residential property, they will now also have to pay 10% more in ABSD. With the ABSD raised to 35% for housing developers, this now adds pressure to developers to complete and sell all units within the 5-year deadline. In the mid to longer term, it is also expected to slow down the sharp increase in land acquisition prices and tame the...