ABSD Stamp Duty Calculator and Guide for Singapore Buyers
The ABSD Stamp Duty Calculator helps Singapore property buyers estimate Additional Buyer's Stamp Duty (ABSD) on top of Buyer's Stamp Duty (BSD), crucial for budgeting in 2026's market. At Homejourney, we prioritize your safety by verifying rates from official IRAS sources, ensuring transparent decisions in a trusted environment.[3]
This cluster guide focuses on using an ABSD calculator effectively, linking back to our pillar on Step-by-Step Property Buying Process for Foreigners | Homejourney ">Singapore Property Buying Rules. Whether you're a first-time buyer or investor, accurate calculations prevent costly surprises.
What is ABSD and Why Use a Calculator?
ABSD is a tax on residential property purchases for second or subsequent homes, varying by buyer profile like Singapore Citizens, PRs, or foreigners. BSD applies to all buys; ABSD adds on based on ownership count.[2][3]
In 2026, rates remain from 27 April 2023 updates: Foreigners pay 60% ABSD on first properties, up from 30% to cool the market.[2] Use Homejourney's tools for instant estimates, safer than manual math amid rising prices like S$1.8M median condos.
Key 2026 ABSD Rates Table:
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Property |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| PR | 5% | 25% | 30% |
| Foreigner/Entity | 60% | 65% | 65% |
Rates per IRAS; always verify via official channels.[2][3]
How to Use an ABSD Stamp Duty Calculator Step-by-Step
Follow these actionable steps for precise calculations using tools like Homejourney's integrated calculator:
- Input Property Details: Enter purchase price or market value (higher prevails). E.g., S$1.5M condo in Orchard.[3]
- Select Buyer Profile: Choose nationality (e.g., Chinese citizen: treated as foreigner with 60% ABSD) and existing properties owned.[1][2]
- Add Joint Buyers: For couples, input both profiles; ABSD prorated by share. E.g., Citizen + Foreigner splits calculation.[1]
- Calculate BSD First: Marginal rates: 1% on first S$180K, up to 6% above S$3M for residential.[3]
- Add ABSD: Tool auto-applies rate to full value. Output total payable within 14 days of signing Option to Purchase.[2]
Example: S$2M condo, foreigner first buy. BSD ~S$94K, ABSD S$1.2M, total S$1.294M. Use Property Search ">Homejourney's property search to filter affordable options.[1][3]
BSD Rates Breakdown for Accurate Total Costs
Every buyer pays BSD on higher of price/market value. 2026 residential rates (post-15 Feb 2023):
- First S$180,000: 1%
- Next S$180,000: 2%
- Next S$640,000: 3%
- Next S$500,000: 4%
- Next S$1.5M: 5%
- Remaining: 6%[3]
Sample: S$3.5M property BSD = S$1st180K@1% (S$1.8K) + ... + remaining@6% = ~S$209K. Combine with ABSD for full picture.[3]
Non-residential caps at 5%; use IRAS myTax Portal for official verification.[5]
Special Rules for Chinese Citizens and Foreigners
Chinese nationals (PRC) face Chinese citizen restrictions as foreigners: 60% ABSD on any residential buy, limited to non-landed/ non-restricted like executive condos after 10 years.[2] See Chinese Citizens Property Rules & Restrictions in Singapore | Homejourney ">Chinese Citizens Property Rules.
What Chinese can buy: Condos, apartments; no HDB unless PR. PRC property rules prohibit landed without approval. Investors: Check Projects Directory ">Homejourney projects directory for compliant options.[2]
Insider tip: For joint buys with Singaporean spouse, declare shares carefully to minimize ABSD—consult lawyer pre-OTP.
Financial Impacts and Planning Tips
ABSD can exceed property price for foreigners (e.g., 60% on S$1M = S$600K). Factor into Bank Rates ">mortgage rates via Homejourney. Use CPF for BSD only if Citizen/PR; foreigners cash/MLR.[2]
Hidden Costs to Watch:
- Legal fees: S$2-5K
- Valuation: S$500-1K
- ABSD remission possible for decoupling (Citizens).[2]
Timeline: Pay within 14 days of OTP; late = 10% penalty. Homejourney verifies data for safe budgeting.
Common Mistakes and How to Avoid Them
Avoid miscalculating shares in joint buys—e.g., 99% Citizen/1% Foreigner still triggers full 60% if not structured right.[1] Real example: PRC buyer overlooked ABSD, faced S$360K shock on S$600K unit.
Mistake: Ignoring market value over price—URA valuation can hike BSD. Tip: Get pre-valuation via Homejourney insights.
Red flag: Unofficial calculators; stick to IRAS/Homejourney for 2026 accuracy.[3][5]
FAQ: ABSD Stamp Duty Calculator Questions
Q: How much ABSD for Chinese national buying first condo in 2026?
A: 60% of purchase price as foreigner. E.g., S$1.5M = S$900K ABSD + BSD.[2]
Q: Can ABSD be refunded?
A: Yes, for Citizens selling primary residence within rules; foreigners rarely. Check IRAS.[3]
Q: What's PRC property rules for landed homes?
A: Generally restricted; approval needed. Focus on condos. See Types of Properties Foreigners Can Buy in Singapore 2026 ">Types of Properties Foreigners Can Buy.[2]
Q: Joint buy ABSD calculation?
A: Weighted by ownership share. Use calculator with both profiles.[1]
Q: Where to calculate officially?
A: IRAS myTax Portal or Homejourney tools for user-safe estimates.[5]
Disclaimer: This guide uses 2026 IRAS rates; not financial advice. Consult professionals. Homejourney verifies for trust.
Ready to calculate? Use Homejourney's ABSD Stamp Duty Calculator today, explore Property Search ">properties, and link to our pillar for full buying process. Your safe property journey starts here.
