The property market had taken a step back and REDAS is requesting for a review of the ABSD that is on of the factor that affects the market. The other measures to look into shall be TDSR.

REDAS urges govt to relook ABSD rules for luxury property

http://www.propertyguru.com.sg/property-management-news/2015/3/85838/redas-urges-govt-to-relook-absd-rules-for-luxury-pThe Real Estate Developers’ Association of Singapore (REDAS) has called on the government to ease the Additional Buyer’s Stamp Duty (ABSD) on the high-end residential market since it is “not a segment the government needs to safeguard”, media reports said. Read more…

 

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