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As of 6th July 2018, the government has announced with immediate effect that the additional buyer stamp duties be raised by 5% for Singaporean second and third property owners from its current tax amount.

For foreigners purchasing Singapore properties will now be paying ABSD of 20%. The increase of additional buyer stamp duty comes at a time when Singapore property market is just at its turn around.

Below is the new rates.

addionsl buyer stamp duty rates

 

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