answer in DEC 2025:
**ABSD (Singapore)** stands for **Additional Buyer’s Stamp Duty**.
It is an **extra tax on residential property purchases**, paid **on top of Buyer’s Stamp Duty (BSD)**. It is meant to cool the property market and discourage speculation.
**Who pays ABSD:**
The rate depends on:
* Residency status (Singapore Citizen, PR, Foreigner)
* Number of residential properties owned
* Whether the purchase is joint or individual
**Key rates (summary):**
* Singapore Citizen: 0% (1st), 20% (2nd), 30% (3rd+)
* Permanent Resident: 5% (1st), 30% (2nd+)
* Foreigner: 60%
* Entities: 65%
**How it’s calculated:**
ABSD is charged on the **higher of the purchase price or market value** of the property.
ABSD is administered by **Inland Revenue Authority of Singapore (IRAS)**.
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