ABSD – Additional** Buyer Stamp Duty

Effective rates on or after 6th July 2018 (in bracket previous rates)

Citizenship ABSD Rate on 1st Purchase ABSD – 2nd Purchase ABSD – 3rd & Subsequent Purchase
Singapore Citizens* NA 12% (7) 15% (10)
Permanent Residents 5% 15% (10) 15% (10)
Foreigners buying any residential property 20% (15) 20% (15) 20% (15)
Entities buying any residential property 25% (15) 25% (15) 25% (15)

*Foreigners under Free Trade Agreements (FTAs) are treated as Singapore Nationals. (Switzerland, Liechtenstein, Norway, Iceland and Nationals of United States of America.)

** Additional to the base rate of close to 3%.

Singaporean first-time buyers and Singaporean buyers of HDB flats will not be affected by the new measure.

For purchases made jointly by two or more parties, the higher applicable ABSD rate will be imposed. For example, if a Singaporean purchases a property with a foreigner, the ABSD rate of 15% will apply irrespective of the number of properties each owns. If two Singaporeans jointly purchase a property with one of them already owing a residential property at the time of purchase, the ABSD rate of 7% will apply.

However, ABSD relief will be provided for joint purchases by married couples with at least one Singaporean spouse (i.e. a married couple with a Singaporean spouse and PR / foreigner spouse). Such purchases will not be subject to ABSD, as long as both spouses do not own any other property at the time of purchase. This relief facilitates their purchase of a matrimonial home, and puts then in the same position as a married couple with both Singaporean spouses who are purchasing their first residential property.

ABDS relief will also be provided to eligible married couples with with at least one Singaporean spouse, who have purchased a second private residential property and will dispose their existing residential property

(i) The ABSD paid will be refunded if these Singaporean married couples dispose their first property within six months of the purchase of the second property, if the latter property is a completed unit.

(ii) If the second property is an uncompleted unit, the refund will be given if the first property is disposed within six months of the Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (CSC) date of the second property, whichever is earlier.

(iii) These Singaporean couples must also not acquire any other residential property before the disposal of the first residential property, if they wish to avail themselves of the refund on ABSD paid on the second property.