SG Luxury Homes - ABSD Remission in Singapore

Introduction

Welcome to SG Luxury Homes, your trusted source for all your real estate needs in Singapore. With our extensive experience and expertise in the market, we are committed to providing the highest level of service to help you navigate the property market effectively. In this article, we will discuss the important topic of Additional Buyer's Stamp Duty (ABSD) remission in Singapore, and how SG Luxury Homes can assist you in maximizing your savings when purchasing luxury homes.

Understanding ABSD Remission

ABSD is a tax imposed on certain groups of property buyers in Singapore, including foreigners and entities, to ensure a stable property market and prioritize local ownership. However, there are various remission schemes available that can assist eligible buyers in reducing or fully exempting them from paying ABSD.

ABSD Remission for Singapore Permanent Residents (PR)

As a Singapore Permanent Resident (PR), you may be eligible for remission of ABSD when purchasing your first residential property. The remission amount is subject to the prevailing policy at the time of purchase, and our expert real estate agents at SG Luxury Homes are well-versed in staying updated with the latest regulations to help you benefit from the maximum remission available.

ABSD Remission for Singapore Citizens

Singapore Citizens are generally exempt from ABSD when purchasing their first residential property. However, if you are planning to buy a second or subsequent property, you may still be eligible for partial remission. Our dedicated team at SG Luxury Homes can guide you through the application process, ensuring you meet all the criteria and maximize your remission entitlements.

ABSD Remission for Foreigners

Foreigners who are subject to ABSD when purchasing residential properties in Singapore can explore various remission schemes available. For example, under the Global Investor Program (GIP), eligible foreigners who invest in Singapore can benefit from ABSD remission. SG Luxury Homes can provide you with the necessary information and assist in navigating the requirements to ensure a smooth application process.

Why SG Luxury Homes?

When it comes to luxury homes and navigating the complex world of real estate, SG Luxury Homes stands out as the leading agency in Singapore. With our focus on excellence and customer satisfaction, we have built a sterling reputation over the years.

Expert Guidance

Our team of experienced real estate agents specializes in luxury properties and understands the specific needs and preferences of our clients. We stay up-to-date with the latest market trends, regulations, and remission schemes, ensuring that you receive accurate and personalized advice tailored to your requirements.

Extensive Network

SG Luxury Homes has established strong relationships with developers, property owners, and industry professionals. Our extensive network allows us to provide you with exclusive access to the best properties on the market, including those eligible for ABSD remission.

Personalized Service

We believe in delivering a personalized experience to our clients. Our dedicated agents take the time to understand your preferences, budget, and long-term goals, allowing us to present you with options that suit your unique needs. We guide you through the entire process, ensuring a seamless and stress-free buying experience.

Conclusion

SG Luxury Homes is your trusted partner in the world of luxury real estate in Singapore. With our expertise in navigating the complexities of the property market and knowledge of ABSD remission schemes, we help you save substantially while purchasing your dream home. Contact us today to discover the luxury properties available and how we can assist you in achieving your real estate goals.