Buyer’s Stamp Duty increases from 3% to 4% for residential property above S$1 million

It was announced on the 19th February 2018 in the Singapore Budget 2018 that the Buyer’s Stamp Duty (BSD) for residential property of more than S$1million in Singapore will be increased from 3% to 4% with effect from 20th of February 2018. This was revealed by Mr Heng Swee Keat, the Minster of Finance.


The increased in the Buyer’s Stamp Duty will affect property buyer who bought a residential unit of more than a million dollars  on 20th of Feb 2018 or onwards. However if the property purchased is below $1 million dollars, the Buyer’s Stamp Duty remained unchanged at 3%.


Below is a table for the Stamp Duty’s rate

Buyer's Stamp Duty (BSD)

Based on the purchase price or market value, whichever is higher 
First $180,0001%
Next $180,0002%
Next $640,0003%
Remaining amount 4%


The Additional Buyer Stamp Duty is not affected and will remain the same.

Additional Buyer's Stamp Duty (ABSD)

Profile Of BuyerABSD rate (On or Before 5th July 2018)ABSD rate (From 6th July 2018 to 15th Dec 2021)ABSD rate (On or After 16th Dec 2021)
Singapore Citizen Buying First Residential PropertyNilNilNil (No Change)
Singapore Citizen Buying Second Residential Property7%12%17% (Revised)
Singapore Citizen Buying Third and subsequent Residential Property10%15%25% (Revised)
Singapore PR buying First Residential Property5%5%5% (No Change)
Singapore PR buying Second and subsequent Residential Property10%15% 25% (Revised)
Foreigners buying residential property15%20%30% (Revised)
Entities buying residential property15%25%
Plus Additional 5% for Developers (Non-Remittable)
35% (Revised)
Plus Additional 5% for Developers (Non-Remittable)