Navigating the 60% ABSD in 2026: What Foreign Buyers Must Know
Foreign buyers in Singapore face a 60% Additional Buyer's Stamp Duty (ABSD) on any residential property purchase in 2026, making it one of the highest property acquisition taxes globally. Understanding how this impacts your investment, eligibility for exemptions, and safe transaction steps is critical to making informed decisions in Singapore's property market.
This article is part of Homejourney's comprehensive resource network on Singapore property regulations, connecting you to our main guide on Foreign Investment in Singapore Real Estate 2026: Complete Guide for International Buyers Foreign Investment in Singapore Real Estate 2026: Complete Guide for Internation... .
What Is the 60% ABSD? Featured Snippet Answer
The 60% ABSD is an Additional Buyer's Stamp Duty imposed on all residential property purchases by foreigners in Singapore, effective since April 2023 and remaining in force through 2026. This is charged on top of the standard Buyer’s Stamp Duty (BSD), which ranges from 1% to 6% depending on the property value [2][4][5].
Why Does the 60% ABSD Exist?
Singapore's government introduced and progressively increased the ABSD to curb property speculation, maintain housing affordability, and ensure that locals are not priced out by foreign investment. From 2Q 2021 to 1Q 2025, foreigners made up only about 3% of all private residential transactions, with local demand dominating the market [3].
Homejourney continually monitors regulatory updates and market statistics to ensure our users make safe, well-informed property decisions. For the latest on market trends, see our 2026 Singapore Property Market Outlook 2026年新加坡房地产市场前景权威指南｜Homejourney安全可信解读 .
Who Must Pay the 60% ABSD?
- All foreign individuals (except those from exempted countries) buying any residential property in Singapore.
- Entities and trusts pay an even higher ABSD of 65% [1][4][5].
- Exemptions: Citizens and permanent residents of Iceland, Liechtenstein, Norway, Switzerland, and United States nationals are treated as Singapore citizens for ABSD on their first residential property [1].
How Much Does the 60% ABSD Cost?
The ABSD is calculated based on the purchase price or market value (whichever is higher), in addition to the BSD. For example:
- Property price: S$2,000,000
- BSD (approximate): S$80,000 (4%)
- ABSD (60%): S$1,200,000
- Total stamp duties: S$1,280,000
This means a foreign buyer could pay over S$1.3 million in duties for a S$2 million property [4][5].
Are There Any ABSD Reliefs or Exemptions for Foreign Buyers?
- Exempted Nationalities: US citizens and PRs, and citizens/PRs of Switzerland, Norway, Liechtenstein, and Iceland, are treated as Singaporeans for ABSD on their first property [1].
- Spousal Remission: Foreigners married to Singapore citizens may qualify for partial or full ABSD remission if buying jointly as their primary home. Strict eligibility and application timelines apply [2].
- Application Process: Submit remission requests to IRAS within 14 days of signing the Sale & Purchase agreement (if in Singapore) or 30 days (if overseas) [2].
Consult Homejourney’s expert advisors for case-by-case eligibility and safe application procedures.
Actionable Steps: How to Navigate the 60% ABSD as a Foreign Buyer
- Verify Your Eligibility: Check if your nationality or marital status qualifies for ABSD exemption or remission. Homejourney’s advisors can help you verify your status and required documents.
- Calculate Total Acquisition Cost: Use Homejourney’s property calculators to estimate your BSD and ABSD liabilities for your target property. Factor these into your investment planning.
- Secure Financing Early: Many banks cap loan-to-value (LTV) ratios for foreigners. Explore financing options and compare bank rates on our dedicated Bank Rates and Mortgage Rates pages.
- Consider Joint Purchases Carefully: If buying with a Singaporean spouse, ensure joint ownership, primary residence use, and timely remission application to IRAS. Seek professional verification through Homejourney’s trusted partners for a safe transaction.
- Review Market Data: Analyse project-specific market trends and transaction data on Homejourney’s Projects Directory and Projects pages to identify properties with strong long-term value.
- Engage Only Verified Agents: Choose agents and legal professionals vetted by Homejourney to minimize risk and ensure compliance with Singapore regulations.
- Plan for Ongoing Costs: Factor in property maintenance, such as air conditioning servicing, which is essential for preserving asset value in Singapore’s climate. Book trusted providers via Aircon Services .
- Stay Informed: Follow Homejourney’s Market Trends blog for updates on regulatory changes and market insights, including 2025年新加坡房价趋稳与可持续增长：2026年走势权威解读｜Homejourney安全可信分析 .
How Does Singapore’s ABSD Compare to Other Countries?
Singapore’s ABSD for foreign buyers is substantially higher than in neighbouring markets, reflecting its policy focus on prioritising local home ownership [5].
Key Considerations for Safe, Trustworthy Transactions
- Always verify all property and agent credentials with Homejourney’s trusted network.
- Request written breakdowns of all taxes and fees before signing any agreement.
- Never transfer funds to unverified parties.
- Rely on Homejourney’s customer service for dispute resolution and transaction support.
FAQ: Foreign Buyers & 60% ABSD in 2026
- Q: Can foreigners avoid the 60% ABSD by buying under a company or trust?
A: No. Entities and trusts pay an even higher ABSD rate of 65% [4][5]. - Q: Are there any legal ways for foreign buyers to reduce ABSD?
A: Only if you qualify for exemptions as a citizen/PR of certain countries, or as a foreigner married to a Singaporean under strict IRAS guidelines [1][2]. - Q: How is the ABSD paid?
A: ABSD must be paid to IRAS within 14 days of signing the Sale & Purchase agreement (if in Singapore), or 30 days (if overseas) [2]. - Q: Does ABSD apply to commercial property?
A: No. ABSD applies only to residential property; commercial and industrial properties are exempt. - Q: Where can I get the latest advice on ABSD changes?
A: Homejourney’s Market Trends blog and advisory team provide up-to-date, verified information. See 2026年新加坡房地产市场前景权威指南｜Homejourney安全可信解读 .
Take the Next Step with Homejourney
Ready to buy property in Singapore or need more guidance on ABSD? Homejourney prioritizes your safety, transparency, and trust in every transaction. Connect with our experts, explore verified listings, and access the full Foreign Investment in Singapore Real Estate 2026 Guide
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Disclaimer
The information provided in this article is for general reference only. For accurate and official information, please visit HDB's official website or consult professional advice from lawyers, real estate agents, bankers, and other relevant professional consultants.
Homejourney is not liable for any damages, losses, or consequences that may result from the use of this information. We are simply sharing information to the best of our knowledge, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information contained herein.