Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%

Foreigner ABSD raised 30% -> 60%.

Subject to any applicable remission or Free Trade Agreement treatment. Certain nationals or permanent residents of FTA countries may qualify for treatment similar to Singapore Citizens. This does NOT alter the published general foreign-buyer rate of 60%; it alters who that rate reaches.

SC second-property rate 17% -> 20%.

The Government estimated that approximately 10% of residential transactions would be affected, based on 2022 data. The complementary official statement is that Singapore Citizen and Singapore Permanent Resident first-property purchases, approximately 90% of residential transactions on the same basis, were unchanged at 0% and 5%.

Official Government estimate, not a Prevo computation and not independently computed. Reference period 2022. Calculation author: the Singapore Government. The archive has never seen the underlying calculation, so the 10% and the complementary 90% stand or fall together as one government statement.

Entities AND covered trustees: ABSD raised 35% to 65%. Housing developers, and trustees for housing developers, were excluded and remained at 35% potentially remittable plus the separate 5% non-remittable component.

The 65% rate reached entities and covered trustees, which the previous text omitted. Housing developers and trustees for housing developers were carved out and stayed at 35% potentially remittable plus 5% non-remittable, the structure introduced on 6 July 2018 and last moved on 16 December 2021.

SC third and subsequent properties: ABSD 25% -> 30%. (Unnumbered in audit; factual layer.)

SPR second property: ABSD 25% -> 30%. (Unnumbered in audit; factual layer.)

SPR third and subsequent properties: ABSD 30% -> 35%. (Unnumbered in audit; factual layer.)

Effective 27 April 2023.

Transitional provision, three conditions ALL of which had to hold: the OTP was granted on or before 26 April 2023; it was exercised on or before 17 May 2023 OR within its original validity period, whichever was EARLIER; and it was not varied on or after 27 April 2023.

Contemporaneous consultancy analyses of URA REALIS caveat data estimated that foreigners accounted for approximately 4.1% to 4.2% of private residential purchases in Q2 2023. The precise result varied with transaction scope, extraction date and denominator.

This is not a URA confidence interval and not a URA figure at all. URA does not publish nationality-share percentages in its standard quarterly release. The chain is: URA REALIS caveat records, then consultancy extraction and classification, then a calculated share, then media reporting. The 4.1% (Huttons) and 4.2% (OrangeTee, 205 non-landed homes) figures may reflect DIFFERENT scopes, extraction dates or denominators, so the spread is disagreement between two calculations rather than uncertainty within one.

According to contemporaneous analysis of URA transaction records, foreigners accounted for approximately 1.7% of private residential purchases in Q3 2023.

Approximate single value, NOT a range. The archive previously stored 1.7% to 1.9%; no credible source was located for 1.9% under the same calculation scope, and a range must never be manufactured to express general uncertainty. Same provenance chain as claim 10: URA REALIS caveat records, consultancy extraction and classification, calculated share, media reporting. NOT a URA published statistic.