Category: Singapore Property Market News

Buyers flocked in the condominium showflat last July 6, buyers hope to avail some units while the ABSD or Additional buyer’s stamp duty increases. The Singapore government informed the public that the ABSD will be increased

Singapore: Government announced today 5 Jul 2018 on adjustment to Additional buyer Stamp Duty and Loan to Limit Value in an attempt to cool the property market after prices rose sharply by 9.1% over the past year.

Generally, there are different types of property and also the taxes and rates involved in these properties differ from each other. Purchaser profile also has an impact in the taxes.

Depending on buyer profile, they might be have to pay Additional Buyer Stamp Duty (ABSD) on top of the normal Buyer Stamp Duty (BSD). The ABSD is calculated based on the property purchase price. From 6 July 2018,

Any property purchaser buying any property in Singapore have to pay Buyer Stamp Duty (BSD) or Additional Buyer Stamp Duty (ABSD) if applicable. Buyer Stamp Duty is based on the property purchase price or property market value (whichever is higher).