PropNex, whose wishlist was covered in Issue 1222 of City & Country dated Jan 12, called on the government to reduce the ABSD rate for foreigners buying “ultra-luxury” homes in the Core Central Region (CCR), or non-landed private homes that cost at least $10 million each. At such a high quantum, the agency said these foreign buyers are not competing with Singaporean households.
Real estate agency ERA has released a list of seven housing policy recommendations ahead of Prime Minister Lawrence Wong’s Budget 2026 speech on Feb 12.
Grouped into four categories, ERA’s wishlist comes a week after rival agency PropNex’s six wishes, broadly echoing similar points about making executive condominiums (EC) more affordable and lowering additional buyer’s stamp duty (ABSD) for certain buyers.
