35% ABSD On Residential Property Transfers Into Living Trust From May 9, 2022

Singapore property market continues to stay red hot despite the current macro economy uncertainty. High inflation environment will usually cause people to park their monies in safe haven assets like Singapore properties. Hence the government has introduced yet another Property Cooling Measure on 9th of May 2022 less than 6 months since the last one in Dec 2021.

𝟑𝟓% 𝐀𝐁𝐒𝐃 will be imposed on 𝐑𝐄𝐒𝐈𝐃𝐄𝐍𝐓𝐈𝐀𝐋 𝐏𝐑𝐎𝐏𝐄𝐑𝐓𝐘 transfers into 𝐋𝐢𝐯𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭. Though trustee can apply to IRAS for a refund, but will this cause investors to look into other property type like Commercial and Industrial properties?

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