Freehold Mackenzie 88 in district 9 has six listings for $850,000 and under. (Picture: Samuel Isaac Chua/EdgeProp Singapore)

SINGAPORE (EDGEPROP) - The recent increase in Additional Buyer’s Stamp Duty (ABSD) for foreign buyers, as well as Singaporean and permanent resident (PR) investors, gives an advantage to first-time Singaporean and PR buyers. The ABSD rates remain unchanged at 0% for Singaporeans and 5% for PRs first-time buyers. As such, local and PR buyers should seize the opportunity to purchase their first home.