How does it work?
The ABSD is calculated as a percentage of the market value of the property.
Here are the current rates:
| Profile of Buyer | ABSD Rates from 8 Dec 2011 to 11 Jan 2013 | ABSD Rates from 12 Jan 2013 |
| Singapore Citizens buying first residential property | Not applicable | Not applicable |
| Singapore Citizens buying second residential property | Not applicable | 7% |
| Singapore Citizens buying third and subsequent residential property | 3% | 10% |
| Singapore Permanent Residents buying first residential property | Not applicable | 5% |
| Singapore Permanent Residents buying second and subsequent residential property | 3% | 10% |
| Foreigners and entities buying any residential property | 10% | 15% |
