ABSD Stamp Duty Calculator and Guide: 2026 Singapore Rates
The ABSD Stamp Duty Calculator and Guide for 2026 helps Singapore property buyers compute Additional Buyer's Stamp Duty (ABSD) and Buyer's Stamp Duty (BSD) accurately using official IRAS rates. ABSD rates reach 60% for foreigners on their first property, making precise calculations vital for budgeting in Singapore's market.
Homejourney verifies all rates from IRAS, ensuring user safety and transparency. This cluster article supports our pillar on Singapore property stamp duties by providing tactical calculation steps and examples for first-time buyers, investors, and foreigners like Korean buyers in Singapore.
What is ABSD and BSD? Key Differences Explained
Buyer's Stamp Duty (BSD) applies to all buyers on a tiered basis based on the higher of purchase price or market valuation. Additional Buyer's Stamp Duty (ABSD) is profile-specific: 0% for first-time Singapore citizens, escalating for PRs, second properties, and foreigners including South Korea citizens buying property.
Total stamp duty = BSD + ABSD, payable within 14 days of signing the Option to Purchase (OTP) via IRAS e-Stamping. Use Homejourney's property search to filter options by affordability after duties.
2026 BSD Rates Table
| Portion of Value | Rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Above $3,000,000 | 6% |
Source: IRAS 2026 rates. Quick formula for properties under $1M: (0.03 × value) – $5,400.
2026 ABSD Rates by Buyer Profile
ABSD is flat on the full value. Joint purchases use the highest rate among buyers (e.g., citizen + foreigner = 60%).
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Property |
|---|---|---|---|
| Singapore Citizen | 0% | 17% | 25% |
| Singapore PR | 5% | 25% | 30% |
| Foreigner (e.g., Korean Investor) | 60% | 60% | 60% |
| Entities/Companies | 65% | 65% | 65% |
Decoupled couples treated separately. Check Korean Citizens Buying Property in Singapore: 2026 Homejourney Guide for specifics.
Step-by-Step ABSD Stamp Duty Calculator Guide
- Determine Value: Higher of purchase price or valuation from Homejourney's projects directory.
- Calculate BSD: Apply tiers. For $2M: 1% on $180K=$1,800; 2% on $180K=$3,600; 3% on $640K=$19,200; 4% on $500K=$20,000; 5% on $500K=$25,000. Total BSD: $69,600.
- Apply ABSD: Value × rate. Foreigner $2M: 60% = $1.2M.
- Total Duty: BSD + ABSD. Pay via IRAS within 14 days.
- Verify: Use IRAS mytax.iras.gov.sg or Homejourney tools.
Insider tip: For HDB resales near Tampines MRT (Exit A, 5-min walk), factor CPF usage—up to full payment if eligible.
Real Singapore Examples for 2026
Example 1: First-Time Citizen HDB Resale ($800K Tampines): BSD $18,600 (1% $1,800 + 2% $3,600 + 3% $13,200). ABSD 0%. Total: $18,600. Pay with CPF.
Example 2: PR Second Property ($900K): BSD $30,600 + ABSD 25% ($225,000). Total: $255,600.
Example 3: Korean Buyer First Condo ($1.5M Orchard, 3-min walk from Orchard MRT): BSD $55,600 + ABSD 60% ($900,000). Total: $955,600. See Types of Properties Foreigners Can Buy.
Example 4: Citizen Upgrading Second Condo ($1.5M): BSD $55,600 + ABSD 17% ($255,000). Total: $310,600. Sell old HDB before new OTP to reset to 0%.
Common Mistakes and How to Avoid Them
- Mistake: Ignoring valuation—always use higher value.
- Avoid: Get pre-OTP valuation via Homejourney.
- Mistake: Missing joint buyer rates—foreigner spouse triggers 60%.
- Avoid: Confirm profiles early.
- Mistake: Late payment—fines apply.
- Avoid: Set calendar reminder post-OTP.
For foreigners, review Foreign Buyers' Property Purchase Process. Financing? Check bank rates and Financing Options for Foreign Buyers.
Financial Tips and Next Steps
Budget 60-65% extra for Korean investor guide needs. Use CPF for citizens/PRs where possible. Post-purchase, maintain with aircon services.
Disclaimer: This is general info; consult professionals for advice. Rates from IRAS 2026—verify updates.
FAQ: ABSD Stamp Duty Calculator Questions
1. How do Korean buyers calculate ABSD in Singapore?
Flat 60% on full value + BSD tiers. Example $1.5M condo: ~$955,600 total.
2. Can citizens avoid 17% ABSD on second property?
Yes, sell first property before new OTP completion date.
3. When is stamp duty payable?
Within 14 days of OTP via IRAS e-Stamping.
4. Does ABSD apply to HDB for foreigners?
No, foreigners can't buy resale HDB without approval; condos/landed apply 60%.
5. Where to calculate accurately?
Use Homejourney tools or IRAS portal for verified results.
Ready to buy safely? Explore verified listings on Homejourney property search and link back to our pillar on Singapore stamp duties for full details. Homejourney prioritizes your trust with transparent tools.
