ABSD Second Property: Bank Rates Comparison Guide | Homejourney
ABSD for second property financing implications mean Singapore Citizens face 20% Additional Buyer's Stamp Duty (ABSD) on their second home, significantly increasing upfront costs and affecting loan-to-value (LTV) ratios and monthly repayments. This ABSD second property guide compares current bank rates from DBS, OCBC, UOB, HSBC and others, helping upgraders and investors budget effectively on Homejourney's trusted platform.
Homejourney prioritizes your safety with verified data and transparent tools. Use our bank rates comparison to see real-time rates tailored to additional property financing needs.[1][2][3]
What is ABSD for Second Property in 2026?
ABSD applies at 20% for Singapore Citizens buying a second residential property, calculated on the higher of purchase price or market value.[3] For a S$1.5M condo in Orchard (near Somerset MRT Exit B, 5-min walk), ABSD is S$300,000 plus Buyer's Stamp Duty (BSD) of ~S$55,600, totaling S$355,600 upfront.[1][2]
This impacts second home ABSD financing: banks cap LTV at 75% for second properties under TDSR (Total Debt Servicing Ratio), but ABSD reduces cash available for downpayments. Upgraders selling their first HDB first can reset to 0% ABSD—key insider tip from Homejourney experts.[1]
PRs pay 30% on second properties, foreigners 60%.[3] Always verify your profile via IRAS e-Stamping within 14 days of OTP.
Financing Implications of ABSD on Second Properties
Upgrader ABSD and investment property tax raise effective costs by 20-60%, squeezing loan eligibility. Example: S$1.2M Tampines HDB resale—ABSD S$240,000 means higher downpayment (25% min), lowering borrowable amount under 55% TDSR cap.[1][2]
Banks assess ABSD as part of affordability. With SORA at ~3.0% in 2026, monthly payments rise: for S$900K loan (75% LTV), expect S$4,200/month vs S$3,000 pre-ABSD pressure. Homejourney's mortgage calculator factors this in instantly.
Actionable step: Budget 22-25% downpayment + ABSD. Use CPF for BSD/ABSD but cash for rest. Link to our pillar: ABSD Second Property Guide: Financing Impact 2026 | Homejourney ">ABSD Second Property Guide: Financing Impact 2026 for full details.
Current Bank Rates Comparison for Second Property Loans (Feb 2026)
The chart below shows recent interest rate trends in Singapore:
SORA (Singapore Overnight Rate Average) PEAKED at 3.2% last quarter but stabilized at 2.95%.[MAS data]. Fixed rates average 3.1-3.5% for 2-3 year lock-ins. Compare on Homejourney: real-time rates from all banks.
Key Banks: Rates, Pros & Cons for ABSD Buyers
| Bank | 3M SORA Product (Effective Rate) | Fixed Rate (2-yr) | Best For | LTV for 2nd Property |
|---|---|---|---|---|
| DBS | 3.00% (P+0.05% spread) | 3.20% | Upgraders (fast approval) | 75% |
| OCBC | 2.98% (SORA+0.03%) | 3.15% | Investors (flexi-loans) | 75% |
| UOB | 3.02% (SORA flat) | 3.25% | Families (refi ease) | 75% |
| HSBC | 3.10% (SORA+0.15%) | 3.30% | High-value ( Orchard condos) | 70% |
| Standard Chartered | 3.05% | 3.28% | Expats/PRs | 70% |
Rates as of Feb 2026; DBS leads for citizens, OCBC for low spreads. Public Bank/CIMB offer 2.95% promos but higher penalties (1.5% exit fee). Compare all 11 partners (Maybank, RHB, etc.) on Homejourney bank-rates.[Homejourney data]
Actionable Steps: Secure Best Financing Despite ABSD
- Calculate Total Costs: Use Homejourney ABSD calculator + eligibility tool. Example: S$1.5M purchase = S$355K duties; borrow S$1.125M max.
- Compare Rates: On Homejourney, filter for 2nd property LTV. DBS/OCBC often 0.02% lower.
- Apply Multi-Bank: One form via Singpass auto-fill—get DBS, UOB offers simultaneously. Approval in 3-7 days.
- Time SORA Dip: Lock fixed if rates rise; refi penalty-free after 2yrs.
- Consult Brokers: Homejourney connects you free; boost approval with ABSD strategies. See ABSD Second Property Financing: Boost Approval Odds | Homejourney ">ABSD Second Property Financing: Boost Approval Odds.
Pro tip: For Tampines upgraders, UOB's 75% LTV + CPF top-up covers ABSD gaps.
Disclaimer: Rates fluctuate; Homejourney provides info, not advice. Consult professionals. Data from IRAS/MAS Feb 2026.[3]
Homejourney: Your Safe Path to Second Property Financing
Trust Homejourney for verified rates, Singpass apps, and multi-bank bids—banks compete for you. Search budgeted properties at property search or explore Projects ">projects directory. Post-purchase, Aircon Services ">aircon services keep your investment pristine.
FAQ: ABSD Second Property Financing
Q1: How does 20% ABSD affect my second property loan amount?
A: Reduces equity; max 75% LTV on S$1M property = S$750K loan after S$200K ABSD + downpayment. Use Homejourney calculator.[1][2]
Q2: Which bank has lowest rates for ABSD upgraders?
A: OCBC/DBS at ~2.98-3.00% SORA; compare live on Homejourney bank-rates.
Q3: Can I use CPF for second home ABSD?
A: Yes for citizens/PRs (with OA balance); cash for excess. Sell first HDB to remit.[3]
Q4: Best loan for investment property tax impact?
A: Flexi SORA from UOB/HSBC; lower penalties for quick flips. See ABSD Second Property Financing FAQs: Homejourney Guide ">ABSD FAQs.
Q5: How to apply for second property financing safely?
A: Via Homejourney—Singpass, multi-bank, broker support. Start at bank-rates.
Ready to finance your ABSD for Second Property? Compare rates now on Homejourney and link back to our pillar for full ABSD mastery. Your trusted partner for secure property journeys.
