Additional Buyer Stamp Duty

Additional Buyer Stamp Duty Rates and Computation

Additional Buyer Stamp Duty (BSD) Is Payable On Top Of The Existing Buyer’s Stamp Duty By The Affected Buyers

Profile of Buyer ABSD %
SC buying first residential property Not applicable
SC buying second residential property 12%
SC buying third and subsequent residential property 15%
SPR buying first residential property 5%
SPR buying second and subsequent residential property 15%
Foreigners buying any residential property 20%
Entities / Companies buying any residential property 25%

Example: A foreigner purchases a condo at $1,250,888 which is reflective of the market value.

Purchase Price / Market Value of the Property BSD %

ABSD%

 Calculation
First $180,000 1%  = $1,800 (1% x $180,000)
Next $180,000 2%  = $3,600 (2% x $180,000)
Next $640,000 3%  = $19,200 (3% x $640,000)
Remaining $250,888 4%  = $10,035.52 (4% x $250,888)
Buyer Stamp Duty (BSD)  = $34,635.52 ($1,800+$3,600+$19,200+$10,035.52)
Buyer’s Stamp Duty (BSD) Payable
(round down to the nearest dollar)		  = $34,635
Additional Buyer’s Stamp Duty (BSD) Payable
(round down to the nearest dollar)		 20%  = $250,177.60 (20% x $1,250,888)

= $250,177

Additional Buyer Stamp Duty (ABSD) liability will depend on:

The profile of the buyer
  • An individual
  • An unincorporated association
  • A trustee for a collective investment scheme
  • A trustee-manager for a business trust
  • The partners of the partnership whether or not any of them is an individual, where the property conveyed, transferred or assigned is to be held as partnership property.

If a property is jointly purchased by different buyer profiles, the profile with the highest ABSD rate will apply.

If A purchases a residential property to be held on trust for the beneficial owner B, ABSD is charged based on the profile of the beneficial owner B.
The date of purchase or acquisition of the property
  • Date of exercise of Option to Purchase, or
  • Date of Sale & Purchase Agreement, or
  • Date of transfer
The residency status of the buyer

If a buyer has applied for Singapore Citizenship or Singapore Permanent Residency, the formal approval for that residency status must be obtained from the ICA, as at the date of purchase in order to enjoy lower ABSD liability.
Inclusion of residential properties owned by the buyer
  • If a Contract or an Agreement to purchase the property has been signed.
  • As long as a buyer owns any share of interest in a property.
  • If A purchases a residential property to be held in trust for the beneficial owner (B), the property will be included as a count for B.
  • Multiple properties in a single contract, each property will be counted as a separate property.
  • Properties acquired or transferred by way of gift, release, settlement, declaration of trust (where the beneficial interest of the property passes to the beneficiary), letter of authority and exchange.
  • HDB shop with living quarters or a shophouse includes a portion where the permitted use is residential.
Exclusion of residential properties owned by the buyer
  • All residential properties located outside Singapore.
  • All residential properties gazetted for compulsory acquisition.

Call Joanne Ng at
+65 9151 1871
for Showflat Viewing Arrangement Today!

No Matter Of Which Residential Property You Are Interested In …

We will always put your benefits in the top priority.

Call +65 9151 1871 Now

Please Share It. Thanks!