Prevo

Policy evolution

Additional Buyer's Stamp Duty

  • Prevo records 3 structured Additional Buyer's Stamp Duty rule changes, effective from 6 July 2018 to 27 April 2023, in the available archive; earlier history may be incomplete.
  • The current recorded rule became effective on 27 April 2023.
  • The rule before 6 July 2018 is recorded as that change's "before" values, without a start date.
  • 3 further archive events are tagged with this mechanism but carry no structured Additional Buyer's Stamp Duty parameters (2011, 2013, 2022).
  • No conflicting records between consecutive versions.

Partial archive: 3 structured Additional Buyer's Stamp Duty changes in the available records, and 3 further tagged events without structured parameters. Earlier or unrecorded changes may exist; this is not a complete history.

Create evolution brief

Current recorded rule, 3 October 2026

ParameterValueStatus
Singapore Citizen, 1st property0%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
Singapore Citizen, 2nd property20%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
Singapore Citizen, 3rd and subsequent property30%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
Singapore Permanent Resident, 1st property5%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
Singapore Permanent Resident, 2nd property30%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
Singapore Permanent Resident, 3rd and subsequent property35%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
Foreigner60%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
Entity65%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
remittable, Housing developerUnavailableNot restatedLast recorded as 25% from 6 July 2018; not restated by the change effective 16 December 2021, so whether it was still in force is not recorded.
non remittable, Housing developerUnavailableNot restatedLast recorded as 5% from 6 July 2018; not restated by the change effective 16 December 2021, so whether it was still in force is not recorded.
entity rate for housing developers, Housing developer, potentially remittable subject to conditions35%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
additional developer absd, Housing developer, non remittable, payable upfront5%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.
Trustee (covered trust)65%In forceIn force from 27 April 2023, recorded on Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%.

Rule versions

1 earlier version is outside this date range.

  1. 6 July 2018
    Announced
    5 July 2018
    Effective
    6 July 2018
    Valid from
    6 July 2018
    Valid until
    Until 15 December 2021, the day before the next recorded change
    Authority
    Monetary Authority of Singapore, Ministry of National Development, Ministry of Finance

    6 parameters changed, 2 newly recorded, 2 unchanged.

    ParameterPreviousNew
    Singapore Citizen, 2nd property7%12%
    Singapore Citizen, 3rd and subsequent property10%15%
    Singapore Permanent Resident, 2nd property10%15%
    Singapore Permanent Resident, 3rd and subsequent property10%15%
    Foreigner15%20%
    Entity15%25%
    Compare with previous
    • Changed Singapore Citizen, 2nd property: 7% to 12%
    • Changed Singapore Citizen, 3rd and subsequent property: 10% to 15%
    • Changed Singapore Permanent Resident, 2nd property: 10% to 15%
    • Changed Singapore Permanent Resident, 3rd and subsequent property: 10% to 15%
    • Changed Foreigner: 15% to 20%
    • Changed Entity: 15% to 25%
    • Added remittable, Housing developer: 25%
    • Added non remittable, Housing developer: 5%
    • 2 unchanged, not listed.
    View full rule
    Singapore Citizen, 1st property
    0%
    Singapore Citizen, 2nd property
    12%
    Singapore Citizen, 3rd and subsequent property
    15%
    Singapore Permanent Resident, 1st property
    5%
    Singapore Permanent Resident, 2nd property
    15%
    Singapore Permanent Resident, 3rd and subsequent property
    15%
    Foreigner
    20%
    Entity
    25%
    remittable, Housing developer
    25%
    non remittable, Housing developer
    5%

    Source

    MOF/MND/MAS joint media release: Raising Additional Buyer's Stamp Duty Rates and Tightening Loan-to-Value Limits to Promote a Stable and Sustainable Property Market

    Monetary Authority of Singapore · Primary source · Published 5 July 2018

    Open original source

    Event checked against its primary sources on 13 August 2026. Each claim keeps its own verification status.

    3 recorded corrections to this event's records (correction). Record corrections, not policy changes.

    Observed around this change (365 days)
    • Singapore private residential transactions, all types of sale: 18,724 before, 12,369 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Private Residential Property Price Index, All Residential: 149 before, 150.8 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Private residential units sold, all segments (uncompleted plus completed): 5,811 before, 6,024 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Uncompleted private residential units launched, all segments: 4,235 before, 7,148 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Price index of non-landed private residential properties, Core Central Region: 136 before, 135.3 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Price index of non-landed private residential properties, Outside Central Region: 169.7 before, 171.7 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Price index of non-landed private residential properties, Rest of Central Region: 148.5 before, 153.4 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Uncompleted private residential units sold, all segments: 5,150 before, 5,891 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Observed around the change, not attributed to it. The full view is on the before and after page.
  2. 16 December 2021
    Announced
    15 December 2021
    Effective
    16 December 2021
    Valid from
    16 December 2021
    Valid until
    Until 26 April 2023, the day before the next recorded change
    Authority
    Monetary Authority of Singapore, Ministry of National Development, Ministry of Finance

    6 parameters changed, 2 newly recorded, 2 unchanged, 2 earlier not restated.

    ParameterPreviousNew
    Singapore Citizen, 2nd property12%17%
    Singapore Citizen, 3rd and subsequent property15%25%
    Singapore Permanent Resident, 2nd property15%25%
    Singapore Permanent Resident, 3rd and subsequent property15%30%
    Foreigner20%30%
    Entity25%35%
    Compare with previous
    • Changed Singapore Citizen, 2nd property: 12% to 17%
    • Changed Singapore Citizen, 3rd and subsequent property: 15% to 25%
    • Changed Singapore Permanent Resident, 2nd property: 15% to 25%
    • Changed Singapore Permanent Resident, 3rd and subsequent property: 15% to 30%
    • Changed Foreigner: 20% to 30%
    • Changed Entity: 25% to 35%
    • Added entity rate for housing developers, Housing developer, potentially remittable subject to conditions: 35% (recorded as 25% before)
    • Added additional developer absd, Housing developer, non remittable, payable upfront: 5% (recorded as 5% before)
    • Not restated remittable, Housing developer: 25% before; this event does not restate it
    • Not restated non remittable, Housing developer: 5% before; this event does not restate it
    • 2 unchanged, not listed.
    View full rule
    Singapore Citizen, 1st property
    0%
    Singapore Citizen, 2nd property
    17%
    Singapore Citizen, 3rd and subsequent property
    25%
    Singapore Permanent Resident, 1st property
    5%
    Singapore Permanent Resident, 2nd property
    25%
    Singapore Permanent Resident, 3rd and subsequent property
    30%
    Foreigner
    30%
    Entity
    35%
    entity rate for housing developers, Housing developer, potentially remittable subject to conditions
    35%
    additional developer absd, Housing developer, non remittable, payable upfront
    5%

    Recorded earlier and not restated here: remittable, Housing developer (25%); non remittable, Housing developer (5%).

    Source

    MOF/MND/MAS joint press release: Measures to Cool the Property Market

    Ministry of Finance · Primary source · Published 15 December 2021

    Open original source

    Event checked against its primary sources on 13 August 2026. Each claim keeps its own verification status.

    1 recorded correction to this event's records (verification change). Record corrections, not policy changes.

    Inside this period, without structured parameters: Singapore imposes 35% ABSD on residential property transferred into a living trust (9 May 2022). This version may not describe every rule in force.

    Observed around this change (365 days)
    • Singapore private residential transactions, all types of sale: 25,632 before, 18,302 after (Q1 2021, Q2 2021, Q3 2021 | Q1 2022, Q2 2022, Q3 2022)
    • Private Residential Property Price Index, All Residential: 165.3 before, 187.8 after (Q1 2021, Q2 2021, Q3 2021 | Q1 2022, Q2 2022, Q3 2022)
    • Private residential units sold, all segments (uncompleted plus completed): 10,009 before, 6,409 after (Q1 2021, Q2 2021, Q3 2021 | Q1 2022, Q2 2022, Q3 2022)
    • Uncompleted private residential units launched, all segments: 8,221 before, 4,024 after (Q1 2021, Q2 2021, Q3 2021 | Q1 2022, Q2 2022, Q3 2022)
    • Observed around the change, not attributed to it. The full view is on the before and after page.
  3. 27 April 2023Current recorded rule
    Announced
    26 April 2023
    Effective
    27 April 2023
    Valid from
    27 April 2023
    Valid until
    Until superseded: no later recorded change
    Authority
    Monetary Authority of Singapore, Ministry of National Development, Ministry of Finance

    6 parameters changed, 1 newly recorded, 4 unchanged.

    ParameterPreviousNew
    Singapore Citizen, 2nd property17%20%
    Singapore Citizen, 3rd and subsequent property25%30%
    Singapore Permanent Resident, 2nd property25%30%
    Singapore Permanent Resident, 3rd and subsequent property30%35%
    Foreigner30%60%
    Entity35%65%
    Compare with previous
    • Changed Singapore Citizen, 2nd property: 17% to 20%
    • Changed Singapore Citizen, 3rd and subsequent property: 25% to 30%
    • Changed Singapore Permanent Resident, 2nd property: 25% to 30%
    • Changed Singapore Permanent Resident, 3rd and subsequent property: 30% to 35%
    • Changed Foreigner: 30% to 60%
    • Changed Entity: 35% to 65%
    • Added Trustee (covered trust): 65% (recorded as 35% before)
    • 4 unchanged, not listed.
    View full rule
    Singapore Citizen, 1st property
    0%
    Singapore Citizen, 2nd property
    20%
    Singapore Citizen, 3rd and subsequent property
    30%
    Singapore Permanent Resident, 1st property
    5%
    Singapore Permanent Resident, 2nd property
    30%
    Singapore Permanent Resident, 3rd and subsequent property
    35%
    Foreigner
    60%
    Entity
    65%
    entity rate for housing developers, Housing developer, potentially remittable subject to conditions
    35%
    additional developer absd, Housing developer, non remittable, payable upfront
    5%
    Trustee (covered trust)
    65%

    Source

    MOF/MND/MAS joint press release: Measures for a Sustainable Property Market

    Ministry of National Development · Primary source · Published 26 April 2023

    Open original source

    Event checked against its primary sources on 13 August 2026. Each claim keeps its own verification status.

    3 recorded corrections to this event's records (correction). Record corrections, not policy changes.

    Observed around this change (365 days)
    • Singapore private residential transactions, all types of sale: 13,857 before, 13,765 after (Q3 2022, Q4 2022, Q1 2023 | Q3 2023, Q4 2023, Q1 2024)
    • Private Residential Property Price Index, All Residential: 194.8 before, 204.3 after (Q3 2022, Q4 2022, Q1 2023 | Q3 2023, Q4 2023, Q1 2024)
    • Private residential units sold, all segments (uncompleted plus completed): 4,133 before, 4,202 after (Q3 2022, Q4 2022, Q1 2023 | Q3 2023, Q4 2023, Q1 2024)
    • Uncompleted private residential units launched, all segments: 3,271 before, 5,169 after (Q3 2022, Q4 2022, Q1 2023 | Q3 2023, Q4 2023, Q1 2024)
    • Observed around the change, not attributed to it. The full view is on the before and after page.

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