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Latest Additional Buyer’s Stamp Duty (ABSD) Rates

To promote a sustainable property market and prioritise housing for owner-occupation, the Government will raise the ABSD rates further to pre-emptively manage investment demand.

Since December 2021, this marks the third round of cooling measures. In a joint statement on the eve of 27th April 2023, the Ministry of Finance (MOF), the Ministry of National Development (MND), and the Monetary Authority of Singapore (MAS) stated that the increases in ABSD aim to prioritize owner-occupation and promote a sustainable property market. Despite the moderating effect of the earlier measures in December 2021 and September 2022, property prices have shown renewed signs of acceleration in the first quarter of 2023, buoyed by resilient demand for residential property.

Latest ABSD rates before and after the latest cooling measures:

Additional Buyer's Stamp Duty
Old rates from 16 Dec 2021 to 26 Apr 2023
New rates on or after 27 Apr 2023
Singapore Citizens
1st Residential Property
0%
0% (no change)
2nd Residential Property
17%
20%
3rd & subsequent Residential Property
25%
30%
Singapore Permanent Residents
1st Residential Property
5%
5% (no change)
2nd Residential Property
25%
30%
3rd & subsequent Residential Property
30%
35%
Foreigners
Any Residential Property
30%
60%

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