New Launch Sales Overseas

Singaporeans are increasingly investing in overseas properties for vacation leisure or retirement homes, and there are clear advantages to doing so. One significant factor is the increase in Additional Buyer’s Stamp Duty (ABSD) in April 2023, which now requires Singaporeans to pay an additional 20 percent on top of the standard rates for their second property. This has prompted many to consider purchasing property abroad. Furthermore, the strengthening of the Singapore Dollar and the easing of border measures have made overseas property investments more attractive. Investing in properties abroad also diversifies an investment portfolio, reducing the risk of concentrating all investments in a single area and potentially enhancing the risk-return profile.