Cooling Measures

Additional Buyer’s Stamp Duty (ABSD) is a tax levied on top of the Buyer’s Stamp Duty (BSD) when a person buys a residential property in Singapore. It is intended to cool the property market and prevent speculation. ABSD rates are different for different types of buyers. There had been a number of changes to ABSD Rates. The latest is effective from 27 Apr 2023. Singapore Citizens who buy their first residential property do not have to pay ABSD. [Read More]