Cooling measures, rising prices continue to challenge SG property buyers

ABSD remains the top barrier.

Many Singaporeans still face major challenges in buying property, despite strong interest in homeownership, according to ERA’s 2025 My Dream Home Survey.

The additional buyer’s stamp duty (ABSD) remains the top barrier, cited by 32% of respondents. Whilst it helps to cool the market, it also makes upgrading and investing more difficult.

Buyers often have to sell their current homes before buying another to avoid ABSD, which can mean renting temporarily and taking on extra costs, the report said.

Another 29% said they cannot afford property in today’s market. Rising prices and bigger upfront payments continue to stretch household budgets, especially for first-time buyers.

At the same time, 17% highlighted high property taxes as a deterrent to owning investment properties, and 15% said they have not found a suitable home.

The survey also found that four in five respondents believe it is now harder for young Singaporeans to invest in property.

Many young buyers are taking longer to enter the market. Although BTO flats remain the most accessible option, limited supply and high application rates make it tough to secure one.

Even in the resale market, newer or centrally located flats are often too expensive for first-time buyers, adding to concerns that property ownership is becoming out of reach for the younger generation.