Additional Buyer's Stamp Duty by profile.
ABSD payable
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ABSD rate
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Worked example
Take a S$1,500,000 residential property and see how the Additional Buyer's Stamp Duty changes entirely with the buyer's profile. A Singapore citizen buying their first home pays no ABSD at all, just the ordinary Buyer's Stamp Duty. The same citizen buying a second property pays 20 percent, which is S$300,000. A foreigner buying any residential property pays 60 percent, a striking S$900,000, and an entity such as a company pays 65 percent, or S$975,000.
ABSD is a flat percentage of the higher of the purchase price or the market value, and it sits on top of Buyer's Stamp Duty rather than replacing it. The rates here are those in force from 27 April 2023. Some treaty nationals, for example citizens of the United States and a few other countries, are treated as Singapore citizens for ABSD under free trade agreements, so a US national buying a first home would also pay nothing.
| Buyer profile | Rate | ABSD on S$1.5m |
|---|---|---|
| Citizen, first property | 0 percent | S$0 |
| Citizen, second property | 20 percent | S$300,000 |
| PR, first property | 5 percent | S$75,000 |
| Foreigner | 60 percent | S$900,000 |
How it is calculated
ABSD is a single flat rate applied to the purchase price or market value of the property, whichever is higher, with no tiers or brackets. The rate depends purely on the buyer's profile and how many residential properties they will own: 0 percent for a citizen's first home, 20 percent for a second and 30 percent for a third or more, 5 percent for a PR's first home and 30 percent for subsequent ones, 60 percent for foreigners, and 65 percent for entities, all under the rates effective from 27 April 2023. This tool reports ABSD only. Buyer's Stamp Duty, which every buyer pays on a progressive scale, is separate and additional, so use the Buyer's Stamp Duty calculator alongside this to see the full upfront duty. Treaty nationals afforded citizen treatment should select the matching citizen profile.