Additional Buyer Stamp Duty (ABSD)

MAS have implement additional measures to cool the property prices in Singapore. The changes are

• Foreigners and company buying residential property will be paying 13% stamp duty instead of 3%
• Permanent residents (PR) buying a 2^nd property will be paying 6% stamp duty instead of 3%
• Singaporean buying a 3^rd property will also be paying 6% stamp duty instead of 3%

Stamp Duty remains the same (3%) for PR buying 1st property and Singaporean buying 1st and 2nd property.

Additional Buyer Stamp Duty (ABSD) will take effect from 8^th Dec 2011.

Formula to calculate stamp duty:

3% or 6% or 13% (depending on your situation stated above) x Property Purchase Price – $5400