Stamp Duty Rates and Computation
Purchase Price or Market Value of PropertyBuyer Stamp Duty Rates for Residential PropertiesBuyer Stamp Duty Rates for Commercial Properties
First $180,0001%1%
Next $180,0002%2%
Next $640,0003%3%
Remaining Amount4%
Additional Buyer Stamp Duty Rates and Computation
Nationality1st Property2nd Property3rd Property
Singapore CitizensN.A12%15%
Permanent Residents5%15%15%
Entities / Companies25%25%25%

The Reserve Residences Stamp Duty Rates

The latest changes in the Singapore’s property laws have changed the way you pay Buyer’s Stamp Duty (BSD) in Singapore. The maximum percentage for BSD is now four percent, a rise from three per cent before. You must remember that the rates are different for residential and non-residential properties. As a result, you must be aware of the new rates before purchasing a property in Singapore.

What is ABSD and what does it mean for property buyers? ABSD stands for Additional Buyer’s Stamp Duty. It is applicable on residential properties purchased by Singapore residents. It is calculated based on the higher rate of the two owners. The rates vary from property to property depending on the market and the buyer’s profile. ABSD rates are different for each residential property in Singapore. However, for HDB flats and other properties below $1 million, the additional buyer’s stamp duty is not applicable.

ABSD is a government tax levied on any residential property in Singapore. The amount of this tax varies depending on the purchase price, type of property, and buyer. Buyers should be prepared to pay stamp duty or ABSD, if they plan to use these documents. These documents will be valid evidence in court. However, buyers should keep in mind that stamp duty is an important aspect of buying a property in Singapore.

The rates of ABSD will increase for permanent residents buying a second or third home. For entities, the rate will increase by ten percentage points to 35 percent. The ABSD was last increased in 2018. In addition to raising the ABSD rates, Singapore will tighten the threshold for foreigners’ total debt servicing ratio to five percent from sixty percent. This will increase the supply of private and public housing. However, there are several exemptions to this ABSD tax.