What is the stamp duty on a $1.5m property

For a $1,500,000 property, the Buyer's Stamp Duty (BSD) is calculated as follows for residential properties:

- First $180,000: 1% = $1,800
- Next $180,000: 2% = $3,600
- Next $640,000: 3% = $19,200
- Next $500,000: 4% = $20,000

Total BSD = $1,800 + $3,600 + $19,200 + $20,000 = $44,600

If you are buying a residential property, you may also need to pay Additional Buyer's Stamp Duty (ABSD) depending on your residency status and the number of properties you own. For example:

- Singapore Citizen (1st property): 0% ABSD
- Singapore Citizen (2nd property): 20% ABSD = $300,000
- Singapore Citizen (3rd property): 30% ABSD = $450,000
- Singapore PR (1st property): 5% ABSD = $75,000
- Singapore PR (2nd property): 30% ABSD = $450,000
- Foreigner: 60% ABSD = $900,000

The total stamp duty payable will be BSD plus any applicable ABSD.