Singaporeans are increasingly investing in overseas properties as a source of vacation leisure or retirement homes, and there are distinct advantages to doing so. This is especially true given the increase in additional buyer’s stamp duty (ABSD) in December 2021 — where Singaporeans now have to pay 17 percent ABSD on top of the standard rates on their second property, encouraging many Singaporeans to purchase property elsewhere. With the strengthening of the Singapore Dollar, Singaporeans have also turned to overseas properties for investments since the loosening of the border measures. Not to mention, purchasing property abroad improves the risk-return profile of an investment portfolio by reducing the risk of concentrating all investments in a single area.