Will The Government Relax ABSD For Foreigners?

Video description from @notgpodcast

Many people are asking whether Singapore will eventually relax ABSD for foreigners. The reality is that our 60% rate has pushed us down the list for global wealth migration, especially when compared to countries with more relaxed tax regimes.

For high-net-worth families deciding where to relocate, the cost of owning a home is a key consideration, not just renting. And while they can still buy commercial properties here, residential ownership remains the emotional centre for most millionaires who want a long-term base for their families.

With the current ABSD structure, the barrier to ownership is undeniably high, and that influences how globally mobile wealth makes decisions.

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