ABSD Stamp Duty Calculator and Guide for Singapore Property Buyers
The ABSD Stamp Duty Calculator helps Singapore property buyers estimate Additional Buyer's Stamp Duty (ABSD) alongside Buyer's Stamp Duty (BSD) based on purchase price or market value, whichever is higher. In 2026, ABSD rates remain at 0% for Singapore citizens' first property, up to 60% for foreigners on any residential purchase, making accurate calculations essential for budgeting.[1][2]
Homejourney prioritizes your safety by verifying all property data and providing transparent tools in a trusted environment. This cluster guide supports our pillar on Step-by-Step Property Buying Process for Foreigners | Homejourney ">Singapore Property Buying Process, offering tactical steps for ABSD computation.
Understanding BSD and ABSD in 2026
Buyer's Stamp Duty (BSD) applies to all property purchases, calculated progressively on the higher of purchase price or market valuation. ABSD targets second and subsequent properties or foreigners to cool the market.[2]
Current BSD rates (effective since 15 Feb 2023, unchanged in 2026):
- First $180,000: 1%
- Next $180,000: 2%
- Next $640,000: 3%
- Next $500,000: 4%
- Next $1,500,000: 5%
- Remaining: 6%
ABSD rates for residential properties:
| Buyer Status | 1st Property | 2nd Property | 3rd+ |
|---|---|---|---|
| Singapore Citizens | 0% | 20% | 30% |
| PRs | 5% | 30% | 35% |
| Foreigners (e.g., Korean buyers) | 60% | 60% | 60% |
For joint purchases, ABSD is apportioned by ownership share. Example: A Korean investor (60%) and Singapore citizen (40%) buying a $2M condo pay weighted ABSD.[1]
Step-by-Step ABSD Stamp Duty Calculator Guide
Follow these actionable steps to calculate your total stamp duty using Homejourney's verified formulas, grounded in IRAS guidelines.[2][5]
- Determine higher value: Use purchase price or IRAS valuation (e.g., $2.5M purchase, $2.7M valuation = use $2.7M).[1]
- Calculate BSD: Apply progressive rates. Quick formula for properties over $3M: (0.06 x value) - $60,400.[1]
- Assess ABSD eligibility: Check buyer status and property count via Property Search ">Homejourney's property search tools.
- Apply ABSD rate: Multiply total value by rate (e.g., Foreigner: value x 60%).
- Total stamp duty: BSD + ABSD. Pay within 14 days of Option to Purchase (OTP).[2]
Example for Korean buyer (South Korea citizen property investor): $2M condo (market value $2.1M). BSD ≈ $74,633; ABSD = $2.1M x 60% = $1.26M. Total: ~$1.334M.[1]
BSD Calculation Table Example ($2.7M Property)
| Bracket | Rate | Amount |
|---|---|---|
| First $180K | 1% | $1,800 |
| Next $180K | 2% | $3,600 |
| Next $640K | 3% | $19,200 |
| Next $500K | 4% | $20,000 |
| Next $1.5M | 5% | $75,000 |
| Remaining $700K | 6% | $42,000 |
| Total BSD | - | $161,600 |
ABSD for Foreign Buyers: Korean Investor Guide
Korean buyers in Singapore face 60% ABSD on any residential property, unchanged in 2026. This impacts condos and non-landed homes foreigners can buy.[1]
Insider tip: For Korean Citizens Buying Property in Singapore: Homejourney Guide ">Korean citizens buying property, factor ABSD into cashflow—use Homejourney's Bank Rates ">mortgage rates comparison for financing. Example: $1.5M condo requires $900K ABSD upfront, plus BSD $64,600.[1]
Link to our Types of Properties Foreigners Can Buy in Singapore | Homejourney ">types of properties foreigners can buy for options like executive condos after 10-year wait.
Practical Tips and Common Mistakes
Avoid overpaying by getting valuation early via IRAS-approved valuers. Mistake: Assuming purchase price trumps valuation—always use higher.[1]
For HDB: First-timer Singaporeans pay 0% ABSD, but resale flats trigger if second property. Check Projects Directory ">Homejourney projects directory for BTO vs resale analysis.
- Joint buys: Calculate each buyer's share accurately.
- Decoupling: Spouses buy separately to minimize ABSD, but consult lawyers.
- Remissions: Available for selling within window, per IRAS.[2]
Hidden cost: Late payment incurs 8% penalty. Use Homejourney for reminders in our safe transaction platform.
Financial Planning with ABSD in Mind
ABSD is non-refundable except in specific cases (e.g., PR to citizen). Budget 60-65% extra for foreigners. Pair with LTV limits (60% for foreigners) and check financing options.[1]
Post-purchase, maintain with Aircon Services ">aircon services. Homejourney verifies all for trust.
FAQ: ABSD Stamp Duty Calculator Questions
What is the ABSD rate for Korean investors in 2026?
60% on any residential property purchase, calculated on higher of price or valuation.[1]
How do I calculate total stamp duty?
BSD (progressive) + ABSD (flat rate by status). Use IRAS formula or Homejourney tools.[2][5]
Can foreigners avoid ABSD?
No, but check entity structures or wait for PR status. Seek professional advice.[1]
Is ABSD payable on HDB flats?
Yes for non-first-timers or foreigners (limited eligibility).[1]
When is stamp duty due?
14 days from OTP or sale agreement.[2]
Ready to buy safely? Use Homejourney's Property Search ">property search and ABSD tools for verified listings. Start your journey today—transparency and trust first. Link back to our pillar: Step-by-Step Property Buying Process for Foreigners | Homejourney ">Step-by-Step Property Buying for Foreigners.
