If I am a US Citizen purchasing my first residential property in Singapore, will I incur Additional Buyer’s Stamp Duty (ABSD)?
For foreigners purchasing a property in Singapore, ABSD at the applicable rate will be payable.
Under the Free Trade Agreement ABSD Remission, as a US Citizen, you will receive the same Stamp Duty treatment as Singapore Citizens.
If this purchase is your first residential property, you will not incur ABSD.
Related questions
I'm a Singaporean, intending to jointly purchase a condo with my husband who is a US Citizen.
If I am in the process of obtaining my Singapore Citizenship or Singapore Permanent Resident at the time of purchase, can I later apply for a remission to enjoy lower Additional Buyer’s Stamp Duty (ABSD) rates based on my new status?
I am a Singapore Citizen married to an Singapore Permanent Resident. Both of us do not own any property in Singapore. If we jointly purchase our first matrimonial home, do we need to pay Additional Buyer’s Stamp Duty (ABSD)?
I am a Singapore Citizen married to a Singapore Permanent Resident. We jointly own a private apartment. If we buy another completed house jointly, what is the Additional Buyer’s Stamp Duty (ABSD) payable by us?
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