If you are looking forward to investing in a second or third property in Singapore, your cost of home ownership has just become more expensive. Since April, the Singapore government has imposed a higher Additional Buyer’s Stamp Duty, also known as ABSD, to promote a more sustainable property market and curb the rising property prices. (Bear in mind that ABSD is on top of the regular Buyer’s Stamp Duty (BSD) that is applicable for all property transactions and it can easily bump up your total property cost by another 20% to 65%.) Do not put down a downpayment on your next home until you read this blog. We will guide you through what Singapore’s BSD and ABSD are all about and how you can legally avoid incurring the latter....