Property stamp duty
Buyer’s Stamp Duty
Property purchases in Singapore are subject to taxes, which are the Buyer’s Stamp Duty and the Additional Buyer’s Stamp Duty (if applicable). Buyer’s Stamp Duty (BSD) is payable on all property you buy in Singapore.
The amount of BSD to be paid is based on:
- The purchase price of the property, as stated in the signed sale and purchase agreement; or
- The market value of the property, as obtained from valuation reports of the property;
whichever is the higher of the two.
|Property value||Formula for quick BSD calculation|
|$180,000 or less||1% x purchase price or market value = BSD|
|Between $180,000 to less than $360,000||(2% x purchase price or market value) – $1,800 = BSD|
|Between $360,000 to less than $1 million||(3% x purchase price or market value) – $5,400 = BSD|
|Between $1 million to less than $1.5 million||(4% x purchase price or market value) – $15,400 = BSD|
|Between $1.5 million to less than $3 million||(5% x purchase price or market value) – $30,400 = BSD|
|More than $3 million||(6% x purchase price or market value) – $60,400 = BSD|
Additional Buyer’s Stamp Duty
Additional Buyer’s Stamp Duty (ABSD) rates are only applicable to residential properties and it depends on your residency status and how many residential properties you already own in Singapore.
You will be regarded as purchasing an additional residential property if you already own a residential property in Singapore (whether you fully, jointly or partially own this first residential property).
Is ABSD always applicable when I buy additional residential properties in Singapore?
ABSD is applicable when you are buying an additional property and you already own an existing residential property in Singapore (whether fully, jointly or partially).
Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens: Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland and Nationals of the United States of America.
There are some situations where you will not have to pay ABSD when buying additional residential properties in Singapore. These include:
- Where you have already contracted to sell your current residential property before signing the Option to Purchase for the new residential property; or
- If you are downgrading from a private property to a HDB resale flat. This is because you are required to sell your private property within 6 months of completing your purchase of the HDB resale flat.
Buyer’s residency status
(updated 27 April 2023)
|ABSD rate on purchase of first property||ABSD rate on purchase of second property||ABSD rate on purchase of third and subsequent properties|
|Singapore Citizens||Not applicable||20%||30%|
|Singapore Permanent Residents||5%||30%||35%|