Government Policies Impact on New Condo Market Singapore 2025

Introduction

Government policies like ABSD and TDSR significantly influence Singapore’s new condo market. With 8,505 units launching in H1 2025, this guide explains their impact.

Key Policies

• ABSD: 20% for second properties for Singaporeans, 60% for foreigners, cooling demand.
• TDSR: Limits borrowing to 55% of income, ensuring stability.
• GLS Program: Controls supply, with 8,505 units in H1 2025.

Market Impact

ABSD has reduced foreign buyer activity, with Chinese purchases dropping to 11 units in H2 2023. However, local demand remains strong, with 7,261 units sold in Q1 2025.,

The chart below shows the decline in foreign buyer transactions.

Conclusion

Policies like ABSD stabilize the market but increase costs for some buyers. Use our chart to understand impacts and contact us for guidance!