Florence residences showflat

Information may not be reliable

The ABSD (Additional Buyer Stamp Duty)

Stamp duties are compulsory for anyone deciding to buy residential property in Singapore. These stamp duties represent roughly three percent of the florence residences showflat valuation price or purchase price - whichever of the two is higher. A cooling measure that the Singaporean Government deemed necessary was the introduction of the Additional Buyer Stamp Duty (the ABSD) that varies according to the borrower's immigration status, as follows:

• If the borrower is a foreigner (whether living in Singapore or not) or buying under a company, the Additional Buyer Stamp Duty is 15 percent upon purchase of first or subsequent property, respectively.
• If the borrower is a Singapore Permanent Resident, the ABSD is 5%/10% upon purchase of first or subsequent property, respectively.
• If the borrower is a Singapore citizen, the ABSD is 0%/7%/10% upon purchase of first/second/third property, respectively.