Estimate the ABSD payable when buying residential property in Singapore as a Citizen, PR, or Foreigner.
| Buyer Profile | 16 Dec 2021 –26 Apr 2023 | CurrentOn/after27 Apr 2023 |
|---|---|---|
| Singapore Citizen1st property | N.A. | N.A. |
| 2nd property | 17% | 20% |
| 3rd or subsequent property | 25% | 30% |
| Permanent Resident (PR)1st property | 5% | 5% |
| 2nd property | 25% | 30% |
| 3rd or subsequent property | 30% | 35% |
| ForeignerAny residential property | 30% | 60% |
| EntityAny residential property | 35% | 65% |
| Housing DeveloperAny residential property | 35% + 5%* | 35% + 5%* |
| TrusteeAny residential property† | 35% | 65% |
* Housing developers pay an additional 5% (non-remittable) on top of the 35% ABSD.† From 9 May 2022, any transfer of residential property into a living trust is subject to ABSD at the same rate as entities.
ABSD is a tax imposed on top of Buyer's Stamp Duty (BSD) when buying residential property in Singapore. The rate depends on the buyer's residency status (Singapore Citizen, Permanent Resident, or Foreigner) and how many residential properties the buyer already owns.
ABSD was introduced in December 2011 as a property cooling measure. Its primary goal is to keep housing affordable for Singaporeans — helping citizens buy a primary residence while controlling demand for residential property.
ABSD is charged on the higher of the purchase price or the market value of the property (excluding GST). It is a flat percentage of that value and is payable in addition to BSD. The duty is rounded down to the nearest dollar, subject to a minimum duty of $1.
Yes. Even if you only jointly or partially own an existing residential property in Singapore, it counts — so you will have to pay ABSD on your next residential property purchase.
An Entity means a person who is not an individual. It includes:
A Trustee refers to a trustee of any trust when acting in that capacity, but excludes:
The current ABSD rates apply to purchases made on or after 27 April 2023. Purchases dated between 16 December 2021 and 26 April 2023 use the earlier (lower) rate set.