On 15 Dec 2021, the government announced a package of measures to cool the property market. Among which, from 16 Dec 2021, the Additional Buyers Stamp Duty (ABSD) rates will be raised.

The ABSD is a tax levied on top of BSD (Buyer’s Stamp Duty) for all residential property purchases in Singapore. The ABSD is a percentage of your property price or valuation, whichever is higher.

Here is a quick recap of the latest ABSD (Additional Buyer’s Stamp Duty)