A combination of steps by the Government and the real estate industry over the last few years has made it safe to remove the Additional Buyer's Stamp Duty (ABSD), said the Singapore Real Estate Exchange (SRX).
In a report yesterday, SRX noted that the latest market data showed a subdued market in both public and private housing and there is no longer a threat of a housing bubble.
It reiterated that overall price indexes have not kept pace with economic and median household income growth.