ABSD Stamp Duty Calculator and Guide: 2026 Rates for Singapore Buyers
The ABSD Stamp Duty Calculator and Guide helps Singapore property buyers compute Additional Buyer's Stamp Duty (ABSD) and Buyer's Stamp Duty (BSD) accurately using 2026 IRAS rates. ABSD can add up to 60% or more to your property costs, making precise calculations essential for budgeting.
Homejourney prioritizes your safety by verifying all data from official sources like IRAS, ensuring you make confident decisions in a trusted environment.[1][2][3]
This cluster guide focuses on ABSD calculations, linking back to our comprehensive Singapore Property Buying Guide pillar for the full process. Whether you're a first-time buyer, upgrader, or foreign investor like a Korean buyer in Singapore, master these steps to avoid costly surprises.
Why ABSD Matters in 2026 Singapore Property Market
ABSD discourages multiple property ownership and protects residential prices, with rates unchanged since recent hikes: Singapore Citizens (SC) pay 0% on first, 17% on second, 25% on third+; Permanent Residents (PR) 5%/25%/30%; Foreigners 60% on first, 65% on subsequent; Entities 25%/30%.[1][2][3] For a S$2M condo, a foreign buyer faces S$1.2M ABSD alone, plus BSD.
Current context: With cooling measures intact into 2026, ABSD significantly impacts affordability, especially for Korean buyers Singapore or South Korea citizen property investors eyeing high-demand areas like Orchard or Marina Bay.
Insider tip: Properties near MRT stations like Orchard MRT (Exit A) often have higher IRAS valuations, inflating ABSD—factor this in early.[1][2]
2026 ABSD Rates Table for All Buyer Profiles
Use this table from IRAS 2026 rates to identify your profile instantly.
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Properties |
|---|---|---|---|
| Singapore Citizen | 0% | 17% | 25% |
| Singapore PR | 5% | 25% | 30% |
| Foreigner (e.g., Korean investor) | 60% | 65% | 65% |
| Entity (Company/Trust) | 25% | 30% | 30% |
Source: IRAS via Homejourney verification.[1][2][3] Note: Counts all global properties; an HDB owner buying a condo counts as second property.
Step-by-Step ABSD Stamp Duty Calculator Process
Follow these actionable steps for precise calculations, grounded in IRAS guidelines.
- Confirm Buyer Profile: Verify status with IRAS—citizen, PR, foreigner, or entity. For Korea Singapore property investors, it's always 60% first property.[1][2]
- Determine Valuation: Use higher of purchase price or IRAS market value. Example: S$1.8M negotiated but valued at S$2M? Use S$2M.[1][2]
- Calculate BSD: Tiered rates: 1% (first S$180K), 2% (next S$180K), 3% (next S$640K), 4% (next S$500K), 5% (next S$1.5M), 6% (above S$3M). Quick formula under S$1M: (0.03 × value) – S$5,400. S$2M BSD ≈ S$92,200.[1][3]
- Apply ABSD: Valuation × your rate. SC second property S$1.5M: S$1.5M × 17% = S$255,000.[1][2]
- Total Duty: BSD + ABSD. Pay via IRAS e-Stamping within 14 days of Option to Purchase (OTP).[1][2]
Real Example – Korean Investor Guide: South Korea citizen buying S$2M condo in Tanjong Pagar (near MRT Exit E, 2-min walk): ABSD S$1.2M (60%) + BSD S$92,200 = S$1,292,200 total. See Korean Citizens Buying Property in Singapore: Homejourney Guide for full Korean investor guide.[1][2]
Practical Examples for Common Scenarios
- First-Time SC (HDB S$800K): BSD S$18,600, ABSD 0%. Total: S$18,600.[1]
- SPR Second Property (S$900K): ABSD S$225,000 (25%) + BSD ≈ S$30,600. Total: S$255,600.[1][2]
- Foreigner First (S$2M Condo): ABSD S$1.2M + BSD S$92,200 = S$1,292,200. High but viable for investors.[1][3]
Pro tip: Use Homejourney's verified tools alongside official IRAS calculator at . Link financing details at Bank Rates or Mortgage Rates .[1][2]
Common Mistakes and How Homejourney Helps Avoid Them
Mistake 1: Underestimating IRAS valuation—always check via Projects or Projects Directory for market comps in areas like Bugis (5-min walk from MRT).[1]
Mistake 2: Forgetting global property count—Korean buyers with Seoul homes pay 60% on first Singapore buy.[2]
Mistake 3: Missing 14-day payment deadline, incurring penalties. Homejourney's transparent guides and user feedback-driven updates keep you safe.[1][3]
Disclaimer: This is informational; consult professionals for advice. Rates per IRAS 2026.[1][2]
Financial Tips and Next Steps
Budget 60-65% extra for foreigners; explore LTV limits (foreigners max 75%) via Financing Options for Foreign Buyers in Singapore | Homejourney 2026 . Post-purchase, maintain with Aircon Services .
Actionable Steps:
- Search properties on Property Search or Property Search .
- Verify eligibility per Types of Properties Foreigners Can Buy in Singapore | Homejourney .
- Full process in Step-by-Step Property Buying Process for Foreigners | Homejourney 2026 .
FAQ: ABSD Stamp Duty Calculator and Guide
Q1: How much ABSD for Korean buyer Singapore on first S$1.5M property?
A: 60% = S$900,000 + BSD ≈ S$55,600. Total ~S$955,600.[1][2]
Q2: Does work pass affect foreigner ABSD rate?
A: No, foreigners pay 60% regardless of visa.[1]
Q3: Can ABSD be refunded?
A: Yes, if you become citizen/PR within time limits; check IRAS.[2]
Q4: What's BSD for S$1M property?
A: S$34,600 via tiers.[3]
Q5: Where to calculate officially?
A: IRAS myTax Portal; use Homejourney for guided insights.[1][4]
