Home Front

Property curbs make leap harder for first-time buyers, upgraders

ST ILLUSTRATION: MANNY FRANCISCO
New: Gift this subscriber-only story to your friends and family

The latest round of property curbs has come as a surprise to buyers as well as developers, who have greeted the new rules with unhappiness.

Developers, in particular, have been hit with a higher Additional Buyer's Stamp Duty (ABSD) - 25 per cent instead of 15 per cent - and an extra ABSD of 5 per cent that cannot be waived, even if they sell all their units in time.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on July 12, 2018, with the headline Property curbs make leap harder for first-time buyers, upgraders. Subscribe