ABSD Stamp Duty Calculator and Guide: Essential for 2026 Singapore Buyers
Additional Buyer's Stamp Duty (ABSD) is a tax on top of Buyer's Stamp Duty (BSD) for second and subsequent properties or higher rates for non-citizens, with foreigners facing 60% on any residential purchase in 2026.[3] This ABSD Stamp Duty Calculator and Guide helps buyers compute exact costs using current IRAS rates, ensuring transparent decisions on Homejourney's trusted platform.
ABSD significantly impacts affordability, especially for foreigners analyzing if Singapore property is worth buying with 60% ABSD. Use this guide alongside our pillar on Is Singapore Property Worth Buying with 60% ABSD? 2026 Analysis ">Is Singapore Property Worth Buying with 60% ABSD? 2026 Analysis for full investment returns evaluation.
Understanding BSD and ABSD: Key Differences
Buyer's Stamp Duty (BSD) applies to all property purchases based on purchase price or market value, whichever is higher.[1] ABSD adds extra duty for Singapore Citizens (SC) buying second properties (20%), Permanent Residents (SPR) from first (5%), and foreigners at 60% flat rate.[3][7]
Homejourney prioritizes trust by verifying these rates from IRAS, helping users avoid surprises in a cooling market where high ABSD curbs speculation.
Current BSD Rates (From 15 Feb 2023)
| Property Value | Residential Rate | Non-Residential Rate |
|---|---|---|
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Next $500,000 | 4% | 4% |
| Next $1.5M | 5% | 5% |
| Remaining | 6% | 5% |
Example: For a $3M residential property, BSD totals $209,606.[1]
2026 ABSD Rates by Buyer Profile
| Buyer Type | 1st Property | 2nd Property | 3rd+ Property |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| Singapore PR | 5% | 30% | 35% |
| Foreigner/Entity | 60% | 60% | 60% |
Rates unchanged for SC first-timers but doubled for foreigners to 60% from 30% post-27 Apr 2023.[3] Joint purchases prorate ABSD by ownership share.
How to Use an ABSD Stamp Duty Calculator: Step-by-Step
Calculate total stamp duty (BSD + ABSD) accurately before offers. Homejourney recommends IRAS's official tool at mytax.iras.gov.sg for precision.[4]
- Input property value: Use purchase price or higher market valuation.
- Select buyer profile: SC, SPR, or foreigner; note existing properties owned.
- Indicate joint buyers: Enter shares (e.g., 50/50夫妻).
- Add property type: Residential vs non-residential affects BSD.
- Review total: Pay within 14 days of signing Option to Purchase (OTP).
Pro tip: For a $2M condo, a foreigner pays ~$120,000 ABSD + $110,000 BSD = $230,000 total. Check Bank Rates ">Homejourney bank rates for financing impact.
ABSD for Foreigners: Singapore Property Analysis
Foreigners pay 60% ABSD on residential properties like condos or landed homes (except specific executive condos after 10-year MOP).[3] Singapore property analysis for foreigners shows high entry barrier, but strong rental yields (3-5% in areas like Orchard or Tanjong Pagar) may justify if investment return ABSD exceeds 8% annually.
Example: $2.5M condo in District 10. ABSD: $1.5M (60%). Still ABSD worth it for long-term hold? Analyze via Projects Directory ">Homejourney projects directory for comparable sales data.
Insider tip: Foreigners often target landed properties in Good Class Bungalow areas (e.g., Nassim Road), but minimum $1.5B price triggers massive ABSD—consult valuers early.
Practical Example: Is It Worth Buying with 60% ABSD?
For a $1.8M resale condo: BSD $92,800 + Foreigner ABSD $1.08M = $1.1728M total duty.[1][3] Compare to rental: Similar units yield $8K/month ($96K/year, 5.3% gross). Breakeven in 12 years, viable for HNWIs.
Link to our analysis: Read Is Singapore Property Worth Buying with 60% ABSD? 2026 Analysis ">Is Singapore Property Worth Buying with 60% ABSD? 2026 Analysis for ROI models. See property types in Types of Properties Foreigners Can Buy in Singapore | Homejourney 2026 ">Types of Properties Foreigners Can Buy.
Common Mistakes and How Homejourney Helps Avoid Them
- Forgetting joint ownership: Unequal shares (e.g., 99/1%) can minimize ABSD for mixed SC-foreigner couples.
- Misvaluing property: IRAS uses higher of price/market value—get professional valuation.
- Missing remission: SC first-timers get ABSD remission if selling private property within 6 months.
- Payment deadlines: Late payment incurs 24% p.a. penalty.
Homejourney verifies data for safety, unlike untrusted sources. Explore Property Search ">Homejourney property search for vetted listings.
Financial Considerations and Next Steps
Total costs: ABSD non-refundable, unlike SSD. Use CPF for BSD/ABSD but not loans. TDSR limits foreigners to 60% LTV.Straits Times Housing News Factor maintenance via Aircon Services ">Homejourney aircon services.
Actionable steps:
1. Calculate via IRAS portal.[4]
2. Budget 65-70% upfront for foreigners.
3. Consult lawyers for Decoupling (SC-SPR couples).
4. Use Financing Options for Foreign Buyers in Singapore | Homejourney ">Financing Options for Foreign Buyers.
FAQ: ABSD Stamp Duty Calculator Questions
Q: How much ABSD for foreigners buying a $2M condo in 2026?
A: 60% = $1.2M + BSD ~$110K = $1.31M total. Use IRAS calculator.[1][3]
Q: Is ABSD worth it for investment returns?
A: Depends on yield >6% post-ABSD. Analyze prime areas like CBD for 4-5% rentals.
Q: Can PRs avoid ABSD on first property?
A: No, 5% on first residential. SC get 0%.[3]
Q: How to calculate for joint foreign-SC purchase?
A: Prorate by share, e.g., 50% foreign pays 30% ABSD on their portion.
Q: Where to find official ABSD calculator?
A: IRAS mytax.iras.gov.sg—Homejourney links verified tools for trust.[4]
Disclaimer: This is general info; consult professionals for advice. Rates as of 2026 per IRAS. Homejourney ensures transparency for safe decisions.
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