Current BSD Rates
| Portion of price/value | Rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 (to $360,000) | 2% |
| Next $640,000 (to $1,000,000) | 3% |
| Next $500,000 (to $1,500,000) | 4% |
| Next $1,500,000 (to $3,000,000) | 5% |
| Above $3,000,000 | 6% |
These BSD rates apply equally to Citizens, Permanent Residents, and foreigners, and to first or subsequent properties — BSD itself doesn't vary by buyer profile. What changes by buyer profile is Additional Buyer's Stamp Duty (ABSD), charged on top.
How ABSD Stacks on Top
| Buyer profile | ABSD rate |
|---|---|
| Singapore Citizen — 1st property | 0% |
| Singapore Citizen — 2nd property | 20% |
| Singapore Citizen — 3rd+ property | 30% |
| Permanent Resident — 1st property | 5% |
| Permanent Resident — 2nd+ property | 30–35% |
| Foreigner — any property | 60% |
| Entity / trustee | 65% |
ABSD is calculated on the same base as BSD (the higher of price or market value) and is payable in full — there's no tiered scale. Nationals and Permanent Residents of countries with a Free Trade Agreement giving reciprocal treatment (e.g. US, Switzerland, Liechtenstein, Norway, Iceland) are treated as Singapore Citizens for ABSD purposes.
Worked Example
| Item | Amount |
|---|---|
| Purchase price | $1,200,000 |
| 1% on first $180,000 | $1,800 |
| 2% on next $180,000 | $3,600 |
| 3% on next $640,000 | $19,200 |
| 4% on remaining $200,000 | $8,000 |
| Total BSD | $32,600 |
Related Tools
Frequently Asked Questions
What is Buyer's Stamp Duty (BSD) in Singapore?+
BSD is a tax charged on every property purchase in Singapore, calculated progressively on the higher of the purchase price or market value. It applies regardless of the buyer's residency status or how many properties they already own.
What are the current BSD rates?+
For residential property: 1% on the first $180,000, 2% on the next $180,000, 3% on the next $640,000, 4% on the next $500,000, 5% on the next $1.5 million, and 6% on anything above $3,000,000. These rates have applied since 15 February 2023.
Is BSD the only duty I pay when buying property?+
Not necessarily. Singapore Citizens buying a second or subsequent property, Permanent Residents, and foreign buyers also pay Additional Buyer's Stamp Duty (ABSD) on top of BSD — which can add 5% to 60% more depending on residency status and how many properties are owned.
Is BSD calculated on price or market value?+
BSD is calculated on whichever is higher: the purchase price stated in the agreement, or the property's market value as assessed by IRAS. This prevents underdeclaring the price to reduce duty.