AskGuru Q&A Community

Hi,

The Additional Buyer Stamp Duty for foreigner buying 1st residential property in Singapore is 20% on top of the normal 3% Buyer Stamp Duty ( so total approx. 23%) of the purchase price. There are some exceptions for certain nationalities that are accorded the same Stamp Duty treatment as Singapore citizens. Please do get in touch with me for further clarification. Thanks

Regards;
Lyna Song
Associate Group Director
Propnex Realty Pte Ltd
 96238442 
lynasong@hotmail.com Read More

Morning,

For foreigners 1st purchase of residential property in Singapore, ABSD is at 20% of the purchase price or valuation (whichever higher) on top of the usual BSD (approx 3% if $1m or below, approx 4% if above $1m) payable.

Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland &
Nationals of the United States of America can apply for remission of ABSD. This is due to the free trade agreements currently in place with Singapore.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi, it will be at 23% and could I assist you further ?

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Buying property has more than just stamp duty to consider.
In general, there are buyer stamp duty, additional buyer stamp and seller stamp duty.

1) Buyer stamp duty, this is applicable to all property bought in Singapore.
~3% for property value less than S$1M, ~4% for property value more than S$1M.

2) Additional Buyer stamp duty, this is imposed under certain conditions only:
20% for foreigner except foreigner from the below countries where we have fair trade agreement:
Iceland
Liechtenstein
Norway
Switzerland
USA
Other than USA must be holding citizenship, the rest of the countries also applicable to permanent residence status holding in these countries.

3) Seller stamp duty:
Seller stamp duty will be imposed on property sell under 3 years upon purchase.
Rate of seller stamp duty reduced in order of 12%, 8% & 4%.
Only property sold after completion of 3rd year is exempted from seller stamp duty.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More

Hi Yes, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi Sir/Madam

For Foreigner buying Residential property the Stamp Duty will be
- Buyer Stamp Duty
For property below $1 million : 3% - $5400
For property $1 million and above : 4% - $15400
- Additional Buyer Stamp Duty : 20%
Other cost will be lawyer fee.

I have assisted many of my foreigner client to own their residential property in Singapore
Will you be interested in 2 bedrooms condo for only $760k, 5 mins walk to future MRT?
If you are looking for other type of unit/area please let me know

I will be glad to assist, no agent fee from private property buyer
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang (Silvia Yogisaputra)

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Dear Sir/Mdm,

Buying a residential property in Singapore is a safe bet as our economy is very stable and real estate has been on the uptrend over the years.

The stamp duties involved consist of the buyer stamp duty of slightly less than 4% and the additional buyer stamp duty for a foreigner which is 20%.

Please feel free to contact me so that I can run you through the sales process and also share with you some information, data and trend of the local real estate market.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

The costs involved for Foreigners (excluding Citizens of Switzerland, Norway, USA, Iceland and Lichtenstein) purchasing first residential property in Singapore is as follows:

- Buyer Stamp Duty (BSD) of approx 3-4%
- Additional Buyer Stamp Duty (ABSD) of 20%
- Legal Fee of approximate $3k
- Some other Misc fees

Should you need require further assistance in matters relating to property, please contact me at my mobile 97486305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

Really nice to know that you intend to settle down in a country which have been voted the best place for expat to live and work in a HSBC Poll dated Oct 2018.
Please allow me to give you more insight into your query.

Is there any stamp duty? Unfortunately there is and it much higher for foreign buyer. As of last year, there was an amendment to the stamp duty rate.
Foreigners now have to pay 20% stamp duty
May i know if you have any property in mind? We have several projects recently.
Other than stamp duty, we need to take other factors into consideration.

Feel free to contact me at 92707548  to discuss further

Alan Sng
Propnex Read More

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Read More