Understanding stamp duty is crucial when buying property in Singapore. This guide covers everything you need to know about Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD) in 2025.
What is Stamp Duty?
Stamp duty is a tax on documents relating to property transactions in Singapore. When you buy a property, you'll need to pay two types of stamp duty: Buyer's Stamp Duty (BSD) which applies to everyone, and Additional Buyer's Stamp Duty (ABSD) which depends on your residency status and existing property ownership.
Buyer's Stamp Duty (BSD) Rates 2025
BSD applies to all property purchases in Singapore, regardless of residency status:
| Purchase Price | BSD Rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Above $3,000,000 | 6% |
Additional Buyer's Stamp Duty (ABSD) Rates 2025
ABSD rates depend on your residency status and how many properties you already own:
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Property |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| Permanent Resident | 5% | 30% | 35% |
| Foreigner | 60% | 60% | 60% |
Calculation Example
Let's calculate the stamp duty for a $1.2 million condo purchased by a Singapore Citizen (first property):
BSD Calculation:
- First $180,000 × 1% = $1,800
- Next $180,000 × 2% = $3,600
- Next $640,000 × 3% = $19,200
- Remaining $200,000 × 4% = $8,000
- Total BSD: $32,600
ABSD: $0 (first property for SC)
Total Stamp Duty: $32,600
Calculate Your Stamp Duty Instantly
Use our Singapore Property Calculator to get an accurate breakdown of all your purchase costs, including BSD, ABSD, legal fees, and projected ROI.
Payment Deadline
Stamp duty must be paid within 14 days of signing the Sale & Purchase Agreement for properties purchased in Singapore. Late payment incurs penalties of up to 4× the duty owed.
Frequently Asked Questions
Can I use CPF to pay stamp duty?
Yes, you can use your CPF Ordinary Account to pay BSD. However, ABSD must be paid in cash.
Is stamp duty refundable?
In certain circumstances, such as if the sale falls through before completion, you may apply for a refund. Consult IRAS for specific conditions.
Do I pay stamp duty on the purchase price or valuation?
Stamp duty is calculated on the higher of the purchase price or market value as assessed by IRAS.