Singapore ranks most expensive market for prime residences: Savills

This is due to the ABSD placed on purchase prices.

In the latest Savills World Cities Prime Residential Index for the first half of 2025, Singapore emerged as the world’s costliest market for foreign buyers.

Savills said that although Singapore’s capital value is projected to rise by 1.5% in the second half of 2025, Singapore stands out for its exceptionally high entry costs.

The report noted that Singapore is the most expensive market among world cities due to the imposed Additional Buyer’s Stamp Duty (ABSD), a 60% duty placed on the purchase price for international buyers.

According to Savills, this cost alone amounts to just under three times the total fees of the next most expensive market in the list, Barcelona. It is well above the global average of 15% and the Asian average of 9.2% (excluding Singapore).

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