The Singapore government has announced a new round of property cooling measures that will see ABSD raising to 60% for foreigners, with effect from 27 April 2023. The latest round of cooling measures aims to prioritise housing for owner-occupation. The specific ABSD rates increases are as follows: a. Raise ABSD rate from 17% to 20% for Singapore citizens purchasing their second residential property; b. Raise ABSD rate from 25% to 30% for Singapore citizens purchasing their third and subsequent residential property, and Singapore permanent residents purchasing their second residential property; c. Raise ABSD rate from 30% to 35% for Singapore permanent residents purchasing their third and subsequent residential property; d. Raise ABSD rate from 30% to 60% for foreigners purchasing

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