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Call for ABSD rule change, shorter BTO waiting times in Budget 2023
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Propnex proposes shortening the waiting time for BTO flats to help young couples plan their marriage and when to start a family.
ST PHOTO: ALPHONSUS CHERN
SINGAPORE - Married couples upgrading from HDB flats to private homes should not have to pay additional buyer’s stamp duty (ABSD), which is the case for those who are upgrading to new executive condominiums (ECs).
The Government should also consider opening up more sites in the Outside Central Region (OCR) for Government Land Sales in the second half of 2023 as the region is popular with first-time home buyers and HDB upgraders.
