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Looking for a one-bedroom condo that is less than 8 minutes' walk from an MRT station
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You can ask ‘What are the ABSD rates?’
Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens: 1. Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland 2. Nationals of the United States of America These groups of people will not be considered as foreigners.
If a property is purchased by buyers of different profiles (e.g. one Singapore Citizen and one foreigner, or first-time property owner and 2nd property owner), then the ABSD will be calculated based on the buyer profile with the highest ABSD rate.
You can calculate your payments with EdgeProp's: stamp duty calculator.
The ABSD rates for residential properties are as follows:
Singapore Citizens
– 1st Property Purchase: 0% – 2nd Property Purchase: 20% – 3rd and subsequent Property Purchase: 30%Singapore Permanent Resident
– 1st Property Purchase: 5% – 2nd Property Purchase: 30% – 3rd and subsequent Property Purchase: 35%Foreigners:
– Any property purchase: 60%Entities (Excl. Developers):
– Any Property Purchase: 65%Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens: 1. Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland 2. Nationals of the United States of America These groups of people will not be considered as foreigners.
If a property is purchased by buyers of different profiles (e.g. one Singapore Citizen and one foreigner, or first-time property owner and 2nd property owner), then the ABSD will be calculated based on the buyer profile with the highest ABSD rate.
You can calculate your payments with EdgeProp's: stamp duty calculator.