Additional Buyer’s Stamp Duty
ABSD applies to the following group of buyers:
• Singapore Citizens: ABSD will be levied on the second (17%) and subsequent (25%) property purchases
• Singapore Permanent Residents (PRs): ABSD will be levied on all purchases. The first purchase will be 5% while the second purchase will be 25%, and third and subsequent purchases will be 30%.
• Foreigners: 30% ABSD for any property purchase
• Entities (companies or associations): 35% for each property (plus additional 5% non-remittable ABSD for developers)
The ABSD rates levied depends on your residency status. ABSD applies either to the purchased price or market value, whichever is higher.
Under the Free Trade Agreements (FTAs), nationals and Permanent Residents of Iceland, Liechtenstein, Norway, Switzerland and the United States of America will be treated the same as Singapore Citizens.
ABSD updated as at 16th Dec 2021