What ABSD rate does a PR pay on a second property?

30%, based on the rates effective 27 April 2023. It is charged on the higher of the purchase price or market value.

How does that compare to a PR's first property?

A PR pays 5% ABSD on the first property and 30% on the second. The rate rises to 35% for a third or subsequent property.

Is ABSD the only stamp duty I pay?

No. ABSD is charged on top of the standard Buyer's Stamp Duty. Our data covers ABSD rates only, so check IRAS for the separate Buyer's Stamp Duty amounts.

Are any PRs exempt from the standard PR rates?

PRs of Switzerland, Iceland, Liechtenstein and Norway are treated as Singapore Citizens for ABSD under free trade agreements, meaning 0% on the first property and 20% on the second.

When did these rates take effect?

The current ABSD rates took effect on 27 April 2023, per IRAS.

How much ABSD does a PR pay on a second property?

A Singapore Permanent Resident pays 30% ABSD on the purchase of a second residential property, as of the rates effective 27 April 2023. This is on top of the standard Buyer's Stamp Duty. The rate applies to the property's purchase price or market value, whichever is higher. A PR's first property is taxed at 5% ABSD.

The full rules

ABSD Rates by Profile

Rates effective 27 April 2023. ABSD is charged on the higher of purchase price or market value, on top of Buyer's Stamp Duty.

Buyer profile	1st property	2nd property	3rd+ property
Singapore Citizen	0%	20%	30%
Permanent Resident	5%	30%	35%
Foreigner	60% (any)	60% (any)	60% (any)
Entity	65% (any)	65% (any)	65% (any)

Free Trade Agreement exception

Nationals of the USA, and nationals/PRs of Switzerland, Iceland, Liechtenstein and Norway are treated as Singapore Citizens for ABSD purposes.

Worked example

Worked Example: PR buying a second property

A Permanent Resident already owns one home and buys a second residential property priced at $1,500,000.

Item	Value
Purchase price	$1,500,000
ABSD rate (PR, 2nd property)	30%
ABSD payable	$450,000

At 30%, the ABSD alone comes to $450,000. This is separate from and additional to the standard Buyer's Stamp Duty, which is not covered in this data.

What this means for you

PR buying a second home

You pay 30% ABSD on the second property. On a $1.5m purchase that is $450,000, added to your other stamp duties.

PR buying your first home

You pay 5% ABSD, not 30%. The higher rates only apply from the second property onwards.

PR who is a US national or Swiss/Icelandic/Liechtenstein/Norwegian national or PR

Under free trade agreements you are treated as a Singapore Citizen, so your first property attracts 0% ABSD and your second attracts 20%.