Insights & Updates


Singapore Raises ABSD Rates for Property

Singapore’s government aims to promote a sustainable property market and prioritize owner-occupied housing by implementing increased Additional Buyer’s Stamp Duty (ABSD) rates from 27th April 2023.


  • Foreigners buying residential properties will face a rise from 30% to 60% in ABSD.
  • Entities or trusts (excluding housing developers) will experience a raise from 35% to 65% in ABSD.
  • Singapore Permanent Residents (PRs) purchasing their 1st residential property will see ABSD of just 5%.


These changes increase the gulf between status of foreigners and PRs, bringing more benefits to those who have obtained the PR status in Singapore.

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