ABSD rates

Buyers directly acquiring residential properties usually have to pay up to 6% stamp duty.

Savills’ Alan Cheong offers insights on attracting foreign buyers and navigating challenges.

In Q123, buyers from China purchased 316 non-landed homes.

Government raised the ABSD rate for foreigners buying properties in Singapore from 30% to 60%.

The market recently put a 100% increase in the ABSD rate for foreigners.

The Additional Buyer’s Stamp Duty (ABSD) is a property buyer tax in Singapore that was introduced in 2011. It is a tax that is imposed on top of the existing Buyer’s Stamp Duty (BSD) and is meant to deter foreigners and property investors from driving up the property market prices. Recently, the ABSD rates have been increased to cool down the property market. This article discusses the impact of the ABSD and property buyer tax on real estate investments in Singapore.

The ABSD rate hike will help drive demand in the market.

Of its buyers, three were foreigners.

Singapore increased the ABSD for all residential statuses by 3% to 30%.

Singapore increased the ABSD for all residential statuses by 3% to 30%.

The ABSD will apply to transfers made on or after 9 May.