Or its market value, if higher.
At $1,500,000, buyer’s stamp duty is $44,600 for every buyer. ABSD on top:
| Buyer | 1st home | 2nd home | 3rd home or more |
|---|---|---|---|
| Singapore citizen | 0%No ABSD$44,600 with BSD | 20%$300,000$344,600 with BSD | 30%$450,000$494,600 with BSD |
| Permanent resident | 5%$75,000$119,600 with BSD | 30%$450,000$494,600 with BSD | 35%$525,000$569,600 with BSD |
| Foreigner | 60%$900,000$944,600 with BSD | ||
| US national; Swiss, Norwegian, Icelandic or Liechtenstein national or PRSame as a citizen, under Singapore’s free trade agreements. | 0%No ABSD$44,600 with BSD | 20%$300,000$344,600 with BSD | 30%$450,000$494,600 with BSD |
| Company or other entityIncludes partnerships, unincorporated associations and trustees of investment funds. | 65%$975,000$1,019,600 with BSD | ||
| Housing developer35% can be remitted if the developer meets IRAS’s conditions; 5% is never remitted. | 40%$600,000$644,600 with BSD | ||
| Trustee (home held on trust)ABSD (Trust), paid up front. A trust for named individuals only can claim back the difference to the highest rate among them. | 65%$975,000$1,019,600 with BSD | ||
IRAS’s rates on or after 27 Apr 2023, on the price or market value, whichever is higher, rounded down to the dollar. “Home” means residential property in Singapore, counting any share of one, HDB flats included. IRAS’s ABSD page