ABSD Stamp Duty Calculator and Guide | Homejourney
The ABSD Stamp Duty Calculator and Guide helps Singapore property buyers compute Additional Buyer's Stamp Duty (ABSD) alongside Buyer's Stamp Duty (BSD) based on 2026 rates from IRAS. This cluster article supports our pillar guide on Singapore property buying costs by providing tactical calculations for first-time buyers, upgraders, and foreigners like Taiwanese investors.
What is ABSD and Why It Matters in 2026
ABSD is an additional tax on property purchases for second or subsequent homes, or first homes by non-citizens, aimed at cooling the market. All buyers pay BSD on every property; ABSD applies extra based on profile: Singapore Citizens (SC), Permanent Residents (PR), or foreigners. Rates unchanged since 27 April 2023 per MOF, MND, MAS statement[1][2].
For 2026, foreigners face 60% ABSD on any residential purchase, doubling from prior 30%, impacting Taiwanese property investment strategies[1]. Homejourney verifies these rates from official IRAS sources to ensure trusted, accurate guidance.
Current BSD and ABSD Rates (2026)
BSD is progressive on purchase price or market value (higher), with residential rates from 15 Feb 2023[2]:
| Residential Value | Rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1.5M | 5% |
| Remaining | 6% |
ABSD rates by buyer profile (27 Apr 2023 onwards)[1][2]:
| Profile | 1st Property | 2nd | 3rd+ |
|---|---|---|---|
| SC | 0% | 17% | 25% |
| PR | 5% | 25% | 30% |
| Foreigner (e.g. Taiwan investor) | 60% | 65% | 65% |
Example: $2M condo for foreigner = BSD ~$92,200 + ABSD $1.2M = Total $1,292,200[1][2]. Use Homejourney's tools for precise ABSD Stamp Duty Calculator.
How to Calculate ABSD Step-by-Step
- Determine profile: SC, PR, or foreigner (ROC Singapore property buyers note 60% flat)[1].
- Get valuation: Higher of purchase price or IRAS valuation.
- Compute BSD: Apply tiers above; round down to nearest dollar, min $1[2].
- Add ABSD: Flat % on full value for applicable properties.
- Total: BSD + ABSD payable within 14 days of signing Option to Purchase via IRAS e-Stamping.
Insider tip: For HDB, SC first-timers pay 0% ABSD but check MOP eligibility. Foreigners restricted to non-landed private residential[2]. Link to Types of Properties Foreigners Can Buy for details.
ABSD for Taiwanese Investors and Foreign Buyers
Taiwan investor Singapore buyers face 60% ABSD on first property, plus BSD, making $1.5M condo cost ~$1M+ in duties. Analysis shows focus on high-yield condos in Novena or Orchard[1]. Homejourney's safe platform verifies listings via property search.
See Taiwan Nationals Singapore Property Investment Guide for ROI calcs. Pair with Financing Options for Foreign Buyers.
Practical Tips and Common Mistakes
Mistake 1: Forgetting joint purchases count as one profile; spouses decoupling may trigger higher ABSD[1].
Mistake 2: Assuming market value = purchase price; IRAS valuation often higher for en-bloc potential units.
Tip: Use official IRAS calculator at mytax.iras.gov.sg[4]. Budget 10-20% extra for foreigners. Check mortgage rates on Homejourney for full affordability.
- Verify via valuer pre-contract.
- Plan refunds: SC/PR selling primary residence within 6 months may claim ABSD remission.
- Foreigners: No CPF for duties; cash only.
Homejourney prioritizes transparency, helping avoid pitfalls for confident decisions.
Financial Breakdown and Hidden Costs
Total upfront: BSD + ABSD + legal fees (~$3-5k) + valuation ($500-1k). For $1.8M purchase:
- SC first: BSD $75,600, ABSD $0.
- Foreigner: BSD $75,600 + ABSD $1.08M = $1,155,600.
Hidden: Late payment penalty 8% p.a. Post-purchase, factor maintenance via aircon services. Reference projects directory for PSD discounts.
FAQ: ABSD Stamp Duty Calculator Questions
Q1: How much ABSD for Taiwanese buying first Singapore condo?
A: 60% on full value + BSD. E.g., $2M = $1.2M ABSD[1].
Q2: Can foreigners use CPF for ABSD?
A: No, cash or bank loan only[2].
Q3: ABSD remission conditions?
A: SC/PR selling previous home within 6 months and declare new as primary[1].
Q4: Does ABSD apply to HDB resale for PR?
A: Yes, 5% on first HDB[2].
Q5: Where to calculate officially?
A: IRAS portal or Homejourney tools linked to pillar guide[4].
Disclaimer: This is general info from IRAS 2026 rates; consult professionals for advice. Homejourney verifies data for safety.
Ready to calculate? Use Homejourney's ABSD Stamp Duty Calculator and Guide resources and explore property search. Link back to our pillar on Singapore Property Buying Costs for full overview. Start your safe journey today.
