ABSD Stamp Duty Calculator and Guide for Singapore Buyers
Additional Buyer's Stamp Duty (ABSD) is a tax on top of Buyer's Stamp Duty (BSD) for residential properties in Singapore, calculated on the higher of purchase price or market value. As of 2026, foreigners face 60% ABSD on any property, while Singapore Citizens pay 20% on second properties and 30% on third or subsequent ones[1][2][4]. This ABSD Stamp Duty Calculator and Guide helps buyers compute costs accurately for confident decisions.
Homejourney prioritizes your safety by verifying data from official sources like IRAS, ensuring transparency in every calculation. Use this cluster guide alongside our pillar on Homejourney's 2026 Guide: Foreigners Buying Property in Singapore ">Homejourney's 2026 Guide: Foreigners Buying Property in Singapore for the full process.
Understanding BSD and ABSD: Key Differences
Buyer's Stamp Duty (BSD) applies to all property purchases, residential or not. ABSD targets additional residential buys to cool the market, hitting foreigners and entities hardest at 60-65%[2][4]. For foreigner buy property Singapore, total stamp duty can exceed 65% combined.
BSD uses a tiered structure: 1% on first $180,000, up to 6% on amounts above $3M[1][2][7]. ABSD is flat-rate based on buyer status and property count[2]. Homejourney's tools simplify this—link to our Bank Rates ">mortgage rates page for full cost planning.
Current 2026 BSD Rates Table
| Purchase Price/Market Value | Residential BSD Rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Remaining | 6% |
Source: IRAS[2][7]. For properties under $1M, quick formula: (3% x value) - $5,400[1].
2026 ABSD Rates by Buyer Status
| Buyer Status | 1st Property | 2nd Property | 3rd+ Property |
|---|---|---|---|
| Singapore Citizens | 0% | 20% | 30% |
| PRs | 5% | 30% | 35% |
| Foreigners | 60% | 60% | 60% |
| Entities | 65% | 65% | 65% |
Rates unchanged since 27 April 2023[2][4]. Foreign buyers: see Types of Properties Foreigners Can Buy in Singapore | Homejourney ">Types of Properties Foreigners Can Buy in Singapore.
Step-by-Step ABSD Stamp Duty Calculator
Follow these actionable steps for precise calculations, vital for foreign buyer Singapore planning condo purchases.
- Determine Base Value: Use higher of purchase price or market valuation (e.g., $2M purchase, $2.1M valuation = $2.1M base)[1][2].
- Calculate BSD: Apply tiers. Example $2.1M: $1,800 + $3,600 + $19,200 + $20,000 + $75,000 + $63,000 = $182,600[1].
- Add ABSD: For foreigner: $2.1M x 60% = $1.26M. Total duty: $1.4426M.
- Verify Status: Count existing properties, including spouse's (e.g., if spouse has one, your second triggers higher rate)[2].
- Pay Within 14 Days: Of Option to Purchase (OTP) exercise[4].
Real example: Foreigner buying $4M condo in Orchard (valuation $4.1M). ABSD: $4.1M x 60% = $2.46M + BSD ~$200K[1]. Use Homejourney's Property Search ">property search for verified listings.
ABSD Remissions and Exemptions for Foreign Buyers
Foreigners qualify for ABSD remission under Free Trade Agreements (FTAs) like US-Singapore FTA—up to 5% if eligible[4]. Decoupled spouses or moving house (sell first, refund within 6 months) may remit for citizens/PRs[2]. Always check IRAS for updates.
Insider tip: For buy condo foreigner, executive condos (ECs) after 10-year MOP are popular, but ABSD applies fully. Link to FTA ABSD Remission Singapore: Eligibility Rules & Guide | Homejourney ">FTA ABSD Remission Guide.
Financial Impact and Planning Tips
ABSD significantly raises entry costs—$1.2M on $2M property for foreigners. Factor in LTV limits (50-75% loans), TDSR/MSR[2]. Use CPF for BSD/ABSD if eligible, but foreigners rely on cash/bank loans—check Financing Options for Foreign Buyers in Singapore 2026 | Homejourney ">Financing Options for Foreign Buyers.
- Budget Extra 60-65%: For foreigners, on top of price.
- Joint Purchases: Status based on higher-rate buyer[2].
- Timeline: Pay at OTP; refunds post-sale.
- Homejourney Tip: Simulate costs via our Projects Directory ">projects directory for real-time data.
Hidden cost: Valuation fees ($500-2K). Post-purchase, budget for maintenance—see Aircon Services ">aircon services.
Common Mistakes to Avoid
Avoid underestimating valuation—always get IRAS-approved report[1]. Don't assume spouse decoupling auto-exempts ABSD; declare all properties[2]. Real case: Couple overlooked joint asset, paid 30% instead of 20% ($210K extra on $2.1M)[2].
Red flag: Sellers pushing quick OTP without duty disclosure. Homejourney verifies transactions for safety.
FAQ: ABSD and Stamp Duty Questions
Q: How much ABSD for foreigners buying a $1.5M condo in 2026?
A: 60% on higher of $1.5M or valuation, e.g., $900K ABSD + BSD ~$60K. Total ~$960K[1][2].
Q: Can foreigners use CPF for ABSD?
A: No, CPF only for citizens/PRs. Foreigners pay cash[2].
Q: What's the deadline to pay ABSD?
A: 14 days from OTP exercise[4]. Late fees apply.
Q: Does ABSD apply to landed property for foreigners?
A: Yes, 60% on any residential. Non-landed like condos same rate—see Types of Properties Foreigners Can Buy in Singapore | Homejourney ">Types Guide[2].
Q: How to calculate for joint foreign-Singaporean purchase?
A: Higher rate (60%) applies if any buyer is foreign[2].
Disclaimer: This is general info from IRAS[2][4][7]; consult professionals for advice. Homejourney builds trust through verified data.
Ready to buy? Start with Homejourney's Property Search ">property search and Step-by-Step Property Buying Process for Foreigners | Homejourney ">Step-by-Step Process for Foreigners. Your safe property journey begins here.
