Additional Buyer’s Stamp Duty (ABSD) was first introduced on 7 December 2011 to cool the residential market and was revised upwards subsequently due to the further acceleration in the escalation of the price of the residential properties.  

ABSD is payable based on nationality and the number of private residential properties owned by the existing buyer. Do note that nationals and Permanent Residents of Switzerland, Liechtenstein, Norway, Iceland, and Nationals of United States of America, are accorded the same treatment as Singaporeans. Also, when there are multiple buyers of different profiles jointly purchasing a residential property, the higher ABSD rate will apply on the purchase price/value of the property. For example, if a foreigner and a Singaporean jointly buy a property worth of $1,000,000 with an equal share, the ABSD rate of 15% shall apply to the S$1,000,000, that is, $150,000 of ABSD is payable. However, for married couples made up of Singaporean & Singapore Permanent Resident or Singaporean & Foreigner buying their 1st matrimonial house, they are eligible to apply for remission of ABSD.

The ABSD is payable within 14 days from date of exercising OTP or S&P agreement if the documents are signed in Singapore. For documents signed outside Singapore, the ABSD has to be paid within 30 days from receipt of the document in Singapore if the document is signed overseas.

Here’s the payment schedule for ABSD:

Buyer’s Citizen Type Rate of 1st Property Purchase 2nd Property Purchase 3rd and subsequent Property Purchase
Singapore Citizen Not Applicable 12% 15%
Singapore Permanent Resident (SPR) 5% 15% 15%
Foreigners 20% 20% 20%
Entities 25% 25% 25%

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