Singapore is raising property taxes in a bid to cool its red-hot housing market. 

It's stepping up Additional Buyer Stamp Duty (ABSD) rates for residential properties, in a fresh round of cooling measures aimed at curbing investment demand.

So what does this mean for the property market? And what does this mean for you and me? 

On What's Trending, Hongbin Jeong speaks to Alan Cheong, Executive Director, Research & Consultancy of Savills Singapore to find out more.

 

Highlights:
01:23 - Overview of the latest ABSD hike
02:49 - Were the previous cooling measures not enough?
03:48 - What does this mean for the upcoming property launches?
05:46 - How much will foreigners be affected?
07:23 - What's the outlook for Singapore's property market now?

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