The Singapore Budget 2023 aims to guide the economy into a post-pandemic future while assisting citizens with inflation and strengthening the social compact. The increase in CPF Housing Grant and changes in Buyer's Stamp Duty tax regime for higher-value properties aim to enhance Singapore's tax system. CEO of PropNex Realty, Ismail Gafoor, expressed hope for the budget's support for vulnerable groups and public housing affordability.

The residential property market in Singapore has faced challenges in 2022 due to cooling measures, inflation, rising interest rates, and a worsening economic outlook.

We have all seen in 2021, an amazing year for sellers as we saw property prices hitting new peaks.

"Private home sales hit a decade-low in December, dropping 34.6% MoM and 74% YoY, with just 170 units sold. However, public-private hybrid ECs saw a surge in sales, boosted by Tenet EC's successful launch. Despite challenges, buyers remain active in the market. Learn more about Singapore's property market in 2023."

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That's a strategy sure to lead to failure, especially if you put it off until prices start to dip

Discover the surprising benefits of using your CPF savings to pay off your housing loan in Singapore. Learn about the different options available, including using cash or CPF Ordinary Account (OA) savings, and the potential drawbacks. Weigh the pros and cons based on your financial situation and goals, and consult with a financial advisor before making a decision.

I understand that this might be a daunting process for some as there are many factors to consider

You can read more about how a foreigner can buy property in Singapore here. In this article there will be a focus on the things you need to know if you are looking to buy property in Singapore as a foreigner.