Under the ABSD (Additional Buyer's Stamp Duty), foreign buyers of residential properties pay a levy of 15 per cent and Singaporeans buying a second property pay 7 per cent. As the property market stabilises, there are three reasons why it is safe to remove the ABSD now.
http://www.straitstimes.com/opinion/time-is-hot-to-remove-one-cooling-measure
http://www.straitstimes.com/opinion/time-is-hot-to-remove-one-cooling-measure