It is no doubt that the housing prices in Singapore are insanely pricey due to our scarce land resources. However, for most of our Singaporean Citizens and PR(s) the public housing options are heavily subsidized by our government – Housing and Development Board (HDB).

Lower stamp duty imposed when Purchasing Properties
To moderate the demand and affordability for Singapore’s residential properties, the government has since then enforced the Additional Buyer Stamp Duty (ABSD) rate as a form of our cooling measures. ABSD has been made mandatory since the year 2011 December which acts as an additional charge on top of the initial stamp duty charged. ‍

On your first property purchased as a Singaporean PR, you will be able to substantially enjoy a lower stamp duty of 5% as compared to a foreigner who will be required to pay a hefty sum of 60%. The comparable difference of 15% between the Singaporean PR(s) and foreigners for the Buyer Stamp Duty can be analyzed. Does this already sound more appealing for you to obtain your PR status? If not, let’s continue to read on.

Eligible for Public Housing
With housing being the most vital aspects for our comfort and security, it comes as no surprise that we would like the best offered. In Singapore, most of our houses are inter-connected with many amenities for the utmost convenience. With a permanent resident status, you will be able to unlock public housing eligibility that provides affordable housing in various sizes for different income groups: two-room Flexi, three-room, four-room, five-room, five-room executive, 3 Gen maisonette. These resale leases are only made eligible for our Singaporean PR(s) that have crossed our 3-year mark from obtaining PR(s) status.