One crucial factor to take into account when considering a condominium investment in Singapore is the government’s initiatives to regulate the property market. With a goal to discourage speculative purchases and maintain a secure real estate market, the Singaporean government has implemented various measures throughout the years. These include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those acquiring multiple properties. While these measures may impact the short-term profitability of condo investments, they also promote the market’s long-term stability, making it a more secure investment environment, especially for foreign ownership.
In addition to …