I agree. ABSD is a big turn-off in buying a property right now? How possible to recoup this amoint? There is still the 3% standard stamp duty. Total 19%. In a bull run, it still may take more than 2yrs. If the price gets stagnant to an increase of less than 2% a yr or lesser, this means 10yrs to cover the stamp duties. When factor in other costs, don't know how long it takes to make a profit from the property. I don't what going through these buyers mind...
I just can't imagine....
I just can't imagine....