The ABSD rates for residential properties are as follows:
- 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%
- 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: