Singapore Property Measures – Introduced on 8 December 2011
1. Foreigners and non-individuals (corporate entities) buying any residential property will pay an ABSD ( Additional Buyer’s Stamp Duty ) of 10%;
2. Permanent Residents (PRs) owning one and buying the second and subsequent residential property will pay an ABSD 3%; and
3. Singapore Citizens (Singaporeans) owning two and buying the third and subsequent residential property will pay an ABSD of 3%.
Foreigners under Free Trade Agreements (FTAs)
Foreigners of certain nationalities who fall within the scope of the respective FTAs will be accorded with the same treatment as Singapore Citizens.
- United States of America
Such buyers are required to submit an application for remission so as to enjoy the same treatment as Singapore Citizens.
Read more on the subsequent cooling measures announced after 8th December 2011.
Read more on the subsequent cooling measures announced before 8th December 2011.