The latest set of cooling measures was announced in April 2023. The changes saw Singapore citizens having to pay an additional buyer’s stamp duty (ABSD) of 20% from April 27, 2023, onwards, up from 17% at the time.
Singapore’s housing prices could remain “flattish” in 2024, says Bloomberg Intelligence analyst Ken Foong.
Along with the recent set of cooling measures introduced over the past few years, private housing prices moderated to a 1.4% increase q-o-q in 1Q2024, slowing from the 2.8% increase in 4Q2023, he notes.
