ABSD: How long will Singapore continue flogging this dead horse?
In an opinion piece by Joseph Tan, the effectiveness of the Additional Buyers Stamp Duty (ABSD) in addressing price hikes in Singapore is questioned.
Tan argues that the ABSD has failed to stabilize property prices and protect first-time buyers. Instead, the tax has pushed property prices higher, making housing less affordable.
Additionally, the ABSD has created a disparity between household incomes and property prices, leading to financial struggles for many.
The article calls for alternative measures to be considered to address the rising property prices effectively.
