ABSD Stamp Duty Calculator & Guide 2026 | Homejourney
The ABSD Stamp Duty Calculator and Guide helps Singapore property buyers, especially foreigners buying property in Singapore, compute Additional Buyer's Stamp Duty (ABSD) accurately using 2026 rates. ABSD is a key cost atop Buyer's Stamp Duty (BSD), with foreigners paying 60% on any residential purchase, making precise calculations essential for budgeting.
At Homejourney, we prioritize user safety and trust by verifying data from official sources like IRAS, ensuring you make confident decisions in Singapore's competitive market. This cluster article dives into ABSD specifics, linking back to our pillar on foreigner buy property Singapore for a complete view.
What is ABSD and Why It Matters for Foreign Buyers
ABSD is an additional tax on residential property purchases, introduced to cool the market and prioritize locals. Unlike BSD, which all buyers pay, ABSD rates depend on your residency status and property count. For foreign buyer Singapore profiles, it's 60% flat on the full purchase price or market value (whichever higher), regardless if it's your first property[2][3][6].
In 2026, with condo prices in areas like Orchard or Marina Bay exceeding S$2 million, ABSD can hit S$1.2 million— a deal-breaker without planning. Homejourney's transparent tools help you avoid surprises, fostering a safe transaction environment.
Current 2026 ABSD Rates for All Buyers
ABSD rates as per IRAS (effective post-27 April 2023, unchanged in 2026):
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Property |
|---|---|---|---|
| Singapore Citizens | 0% | 20% | 30% |
| Singapore PRs | 5% | 30% | 35% |
| Foreigners (buy condo foreigner) | 60% | 60% | 60% |
| Entities (Companies) | 65% | 65% | 65% |
Source: IRAS[3][6]. Note: Joint purchases consider the highest-rate buyer's profile; e.g., foreigner with citizen spouse pays 60%[2].
How to Use an ABSD Stamp Duty Calculator: Step-by-Step
Follow these actionable steps for ABSD Stamp Duty Calculator and Guide accuracy:
- Determine purchase price or market value: Use higher value. Get valuation via IRAS-approved valuer for Projects Directory listings on Homejourney.
- Identify your profile: Foreigner? 60%. Check spouse/partner ownership via IRAS e-Service.
- Apply flat rate: ABSD = Purchase Price × Rate. E.g., S$1.5M condo for foreigner: S$1.5M × 60% = S$900,000[1].
- Add BSD: Tiered rates below. Total stamp duty due within 14 days of signing Option to Purchase.
- Verify with IRAS calculator: Official tool at iras.gov.sg confirms totals.
Pro tip: For Singapore property foreigner guide, factor ABSD into offers—sellers expect net pricing.
BSD Rates Recap (All Buyers Pay This First)
BSD is progressive:
| Value Bracket | Residential Rate |
|---|---|
| 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% |
Example: S$600K property BSD = (1%×180K) + (2%×180K) + (3%×240K) = S$12,600[2][3]. Shortcut for <S$1M: 3% × value - S$5,400[2].
Real Example: Foreigner Buying S$2M Condo in 2026
Consider a buy condo foreigner eyeing a unit in Projects like The Sail @ Marina Bay (market value S$2M):
- BSD: ~S$209,606 (per IRAS tiers)[3]
- ABSD: S$2M × 60% = S$1.2M[1][6]
- Total stamp: ~S$1.41M (70.5% of price!)
Insider tip: Foreigners can't buy HDB but can buy executive condos after 10-year MOP or landed after approval. Use Homejourney's Property Search for verified foreigner buy property Singapore options. See Types of Properties Foreigners Can Buy in Singapore | Homejourney .
Remissions, Exemptions & Common Pitfalls
Rare for foreigners—no standard remission at 60%, but check decoupling or resale-for-upgrade if PR-bound[2]. Pitfalls:
- Misjudging profile: Joint buy with PR spouse? Still 60%[2].
- Late payment: 24% p.a. penalty post-14 days.
- Forgetting valuation: Always higher governs[3].
Link to full process in Step-by-Step Property Buying Process for Foreigners | Homejourney and financing via Bank Rates or Foreign Buyer Loans in Singapore 2026: Rates, LTV & Bank Options .
Financial Planning Tips for ABSD
Budget 65-70% upfront for foreigners (ABSD + BSD + cash for LTV 75% max). Use CPF? No for ABSD[2]. Post-purchase, maintain with Aircon Services . Homejourney verifies all for trust.
FAQ: ABSD Questions from Singapore Buyers
1. How much ABSD for foreigners buying a S$1.8M condo?
60% = S$1.08M + BSD ~S$190K. Total ~S$1.27M[1][3].
2. Can foreigners get ABSD remission?
Generally no at 60%; rare cases only[6].
3. When is ABSD payable?
Within 14 days of Option to Purchase, via IRAS[3].
4. Does ABSD apply to all properties?
Yes for residential; check Homejourney's 2026 Guide: Foreigners Buying Property in Singapore .
5. How to calculate joint ownership ABSD?
Highest rate applies; e.g., foreigner + citizen = 60%[2].
Disclaimer: This is general info from IRAS; consult professionals for advice. Homejourney verifies data for safety.
Ready to buy? Use Homejourney's Property Search for trusted listings and calculate confidently. Explore our pillar: Homejourney's 2026 Guide: Foreigners Buying Property in Singapore for the full Singapore property foreigner guide.
