ABSD Stamp Duty Calculator and Guide: Essential for 2026 Singapore Buyers
The ABSD Stamp Duty Calculator and Guide computes Additional Buyer's Stamp Duty (ABSD) plus Buyer's Stamp Duty (BSD) based on 2026 IRAS rates for Singapore Citizens (SC), Permanent Residents (PR), and foreigners. This tool is vital as ABSD can add millions to costs, like S$1.2M on a S$2M condo for foreigners[1][2]. Homejourney prioritizes your safety by verifying data from official sources, helping you budget accurately in a trusted environment.
This cluster article supports our pillar guide on Singapore Property Buying Costs, offering tactical steps for first-time buyers, upgraders, and investors. Use it alongside Foreigner vs PR vs Citizen comparison for complete insights[1].
What is ABSD and Why It Matters in 2026
ABSD is an extra tax on residential property purchases to cool demand, applied on top of BSD. Rates depend on your status and property count: SC (0% first, 17% second, 25% third+), PR (5% first, 25% second, 30% third+), foreigners (60% any)[1][2]. For 2026, these rates remain high amid steady prices in areas like Orchard or Tanjong Pagar.
As a first-time SC buyer eyeing a S$1.5M HDB in Toa Payoh, you pay 0% ABSD but full BSD. Foreigners face steep hikes—e.g., Taiwanese investors pay 60% flat[1]. Homejourney's verified data ensures transparency, unlike unverified listings elsewhere.
BSD Rates for Residential Properties (2023 Onwards)
BSD uses tiers on the higher of purchase price or IRAS valuation[2][5]:
- First S$180,000: 1%
- Next S$180,000: 2%
- Next S$640,000: 3%
- Next S$500,000: 4%
- Next S$1,500,000: 5%
- Above S$3M: 6%
Example: S$2M condo (valuation matches) BSD = S$92,200[1][2].
Foreigner PR Citizen Comparison: ABSD Different Status
Key to foreigner PR citizen comparison and ABSD different status:
| Profile | 1st Property | 2nd | 3rd+ |
|---|---|---|---|
| SC | 0% | 17% | 25% |
| PR | 5% | 25% | 30% |
| Foreigner | 60% | 65% | 65% |
For a S$2M buy: SC second property ABSD S$340,000; PR first S$100,000; Foreigner S$1.2M[1][2]. This drives property buying comparison—foreigners favor landed or high-end condos like those in District 10.
Insider tip: Joint purchases count per person; e.g., SC + PR couple on first shared buy splits rates[1]. Check Types of Properties Foreigners Can Buy.
Step-by-Step ABSD Stamp Duty Calculator Guide
Follow these actionable steps for any ABSD Stamp Duty Calculator:
- Determine Profile: SC, PR, foreigner via NRIC/passport. Confirm existing properties on IRAS portal[5].
- Get Valuation: Use higher of price or IRAS valuation (request via agent)[2].
- Compute BSD: Apply tiers; quick formula for >S$3M: 6% of value - S$60,400[2].
- Add ABSD: Full value × rate (e.g., S$2M foreigner: S$2M × 60% = S$1.2M)[1].
- Total & Pay: BSD + ABSD within 14 days of Option to Purchase (OTP) via IRAS e-Stamping[5].
Example: S$2.5M condo, foreigner. Valuation S$2.7M. BSD ~S$149,633; ABSD S$1.62M; Total S$1.77M[2]. Use Homejourney's property search for verified listings.
Ownership Comparison Table for S$2M Property
| Status | BSD | ABSD (1st) | Total |
|---|---|---|---|
| SC | S$92,200 | S$0 | S$92,200 |
| PR | S$92,200 | S$100,000 | S$192,200 |
| Foreigner | S$92,200 | S$1.2M | S$1.292M |
Source: IRAS 2026 rates[1][5]. Links to ownership comparison.
Practical Tips and Common Mistakes
Avoid pitfalls: Don't assume spousal ownership lowers rates—each counted separately[1]. Remarried? Prior properties count[2]. HDB buyers: ABSD applies post-Minimum Occupation Period if upgrading.
Tip: Time sales to avoid Seller's Stamp Duty (SSD) overlap; hold >3 years for 0%[2]. For financing, check bank rates and Financing for Foreign Buyers. Post-purchase, explore aircon services for maintenance.
Hidden costs: Legal fees S$2K-5K, valuation S$500-1K. CPF usable for BSD/ABSD if eligible (SCs/PRs)[5].
Financial Considerations and Next Steps
Budget 10-65% extra for stamp duties on top of price. Foreigners: Pair with LTV 75% max, TDSR limits[1]. Use projects directory for market data from Straits Times Housing News .
Disclaimer: This is general guidance; consult professionals for advice. Rates per IRAS as of 2026—verify via official calculator[5][6].
FAQ: ABSD Stamp Duty Calculator Questions
Q: How do I use the official ABSD Stamp Duty Calculator?
A: Visit IRAS myTax Portal, input profile, value, properties owned. Auto-computes BSD+ABSD[5][6].
Q: Does ABSD apply to HDB resale?
A: Yes, same rates as private; exemptions rare (e.g., family schemes)[1].
Q: Can foreigners reduce ABSD?
A: No remissions; buy non-residential or qualify as PR later[1]. See Property Buying for Foreigners.
Q: What's the foreigner PR citizen ABSD difference for second property?
A: PR 25%, foreigner 65%—huge gap[1][2].
Q: When is ABSD payable?
A: 14 days post-OTP; late fees apply[5].
Ready to buy safely? Start with Homejourney's property search for verified options. Link back to our pillar on property costs for full guidance—trust Homejourney for transparent, user-first property journeys.
