By UOL & SingLand at District 10

Showflat Viewing By Appointment Only.

Showflat Hotline: 6881-4965

Understanding Stamp Duty in Singapore: A Comprehensive Guide


In the intricate landscape of property transactions in Singapore, the realm of stamp duty stands as a pivotal consideration for both locals and foreigners alike. Navigating through the intricacies of Buyer’s Stamp Duty (BSD) and Additional Buyer’s Stamp Duty (ABSD) demands a nuanced understanding. We, as your trusted source, aim to shed light on the complexities, ensuring you are well-equipped to make informed decisions.

Unraveling the ABSD Conundrum

Will I need to pay the ABSD if I have paid for BSD?

Yes, you will. Even if you’ve fulfilled your Buyer’s Stamp Duty obligations, the Additional Buyer’s Stamp Duty remains a mandatory component. The recent announcement by the Singapore Government in April 2023 indicates an increase in ABSD rates, effective from 27 April 2023. However, there is a transitional ABSD remission for residential properties acquired on or after this date, subject to specific conditions being met.

Foreigners and Stamp Duty: Deciphering the Recent Changes

For foreigners, recent revisions by the Singapore Government impose a 60% Additional Buyer’s Stamp Duty, on top of the BSD. Notably, exemptions are granted only to foreigners married to a Singaporean with no ownership of residential property. This change underscores the government’s commitment to regulating property ownership by non-residents.

Understanding the Stamp Duty Components

What is Buyer’s Stamp Duty (BSD) in Singapore?

Buyer’s Stamp Duty, or BSD, is a tax imperative for every property buyer in Singapore. The tax amount varies based on the property price, with a tiered structure. From 1% for the initial $180,000 to 4% for the remaining amount, the BSD calculation ensures a fair distribution of the tax burden.

Delving Deeper: Additional Buyer’s Stamp Duty (ABSD)

Unlike BSD, ABSD targets Singapore Permanent Residents, foreigners, and Singapore Citizens buying multiple properties. Rates range from 5% to 60%, depending on the buyer’s profile and property count. It is crucial to note that ABSD is in addition to BSD, enhancing the fiscal responsibility of property acquisitions.

Navigating the Complexity: Calculating Stamp Duty

How to calculate stamp duty?

Determining your nationality and the property sum is the first step. For Singaporeans, the tiered structure applies, as mentioned earlier. However, to simplify this process, leverage online calculators, ensuring accuracy and ease.

Stamp Duty Payment: When and How?

Promptness is key. Stamp duty should be settled within 14 days after signing the sale and purchase agreement or tenancy agreement. This ensures a seamless transaction and compliance with regulatory timelines.

Practical Considerations

Can stamp duty be paid by CPF?

While you can use CPF OA money to settle stamp duty, legal fees, and administrative charges, it’s crucial to note that due to the short timeline, initial payment must be in cash. Subsequent reimbursement through CPF addresses this procedural constraint.

Rental Agreements: Who bears the stamp duty?

As per the Inland Revenue Authority of Singapore (IRAS), the stamp duty in a rental agreement is the responsibility of the landlord. The amount, based on monthly rent and lease duration, follows the buyer’s stamp duty rates.

ABSD Remission for Married Couples: What to Know

For a married couple without property ownership, there is no need for remission or ABSD if they are Singaporeans. Remission comes into play when selling their first home but buying a second. Fulfilling specific conditions qualifies them for remissions, though the initial ABSD payment is a prerequisite.


In the dynamic landscape of Singapore’s real estate, mastering the nuances of stamp duty is imperative. Our comprehensive guide aims not only to demystify the complexities but to empower you with the knowledge needed for sound financial decisions. Stay informed, stay empowered.


Popular Posts

  • Unveiling the Epitome of Luxury Landed Living in Watten House Showroom: A Journey through JG Land’s Bespoke Masterpieces

    Amidst the vibrant tapestry of Singapore’s real estate landscape, JG Land emerges as a maestro, meticulously crafting exquisite landed abodes that transcend mere brick and mortar. Driven by an unwavering passion for architectural excellence and meticulous innovation, they weave narratives of refined living, each residence a testament to their unwavering commitment to exceeding expectations. Step…

  • People’s Park Complex: Balancing Heritage and Redevelopment in Singapore’s Vibrant Heart

    Singapore’s skyline, a tapestry of modern marvels and historical gems, is poised for another transformative chapter. At the heart of this evolution stands People’s Park Complex, a behemoth of Brutalist architecture that once reigned as Southeast Asia’s largest shopping complex. Now, its fate hangs in the balance, caught between the allure of lucrative collective sale…

  • Singapore’s Core Inflation Eases to 3.2% in November: A Deep Dive

    Singapore’s core inflation dipped to 3.2% year-on-year in November, marking a welcome respite from the recent highs. This encouraging trend, driven by lower costs for retail goods, food, and energy, offers a glimmer of hope for Singaporeans grappling with rising prices. Key Takeaways: Breaking Down the Numbers: The November inflation data paints a nuanced picture…


Phone icon
Call us
Contact us!
WhatsApp icon
WhatsApp Us