The amount of Additional Buyer's Stamp Duty (ABSD) you need to pay depends on your residency status and the number of residential properties you already own:
- Singapore Citizens:
- 1st property: 0%
- 2nd property: 20%
- 3rd and subsequent properties: 30%
- Singapore Permanent Residents:
- 1st property: 5%
- 2nd property: 30%
- 3rd and subsequent properties: 35%
- Foreigners (excluding certain nationalities):
- Any property: 60%
- Entities (excluding developers):
- Any property: 65%
If there are multiple buyers with different profiles, the highest applicable ABSD rate will be used. If you let me know your residency status and how many properties you already own, I can provide the exact ABSD rate.