Frequently Asked Questions

Foreigners are eligible to purchase condominium property in Singapore.
The applicable residential ABSD rate for 1st and subsequent property is 60%.

Singapore PR are eligible to purchase private property in Singapore.
The applicable ABSD rate for 1st property is 5%.

The downpayment is 25%.  The rest of the payments are paid progressively according to construction stages and can be financed with bank loan.

Property Value 
First $180,0001%
Next $180,0002%
Next $640,0003%
Next $500,0004%
Next $1,500,0005%
In Excess of $3,000,0006%

Sources: MND, MOF, MAS

Singapore Citizens First residential Property 0%
Second residential property 20%
Third and subsequent residential property 30%
Permanent Residents First residential Property 5%
Second residential property 30%
Third and subsequent residential property 35%
Foreigners Any residential property 60%
Entities/Trustees Any residential property 65%
Sources: MND, MOF, MAS

If a married couple meets the remission conditions specified in the Stamp Duties (Spouses) (Remission of ABSD) Rules, they may be eligible for remission of ABSD when purchasing a residential property.

You may refer to IRAS website on Remission of ABSD for a Married Couple

Individuals who are citizens or permanent residents of Iceland, Liechtenstein, Norway, Switzerland or nationals of the United States of America, are accorded the same Stamp Duty treatment as Singapore Citizens from paying ABSD on their first residential property purchase in Singapore.

This exemption is not applicable to other foreign buyers.

The table below summarizes the rates of Seller's Stamp Duty (SSD) that are payable on residential property acquisitions made on or after 11th March 2017 and subsequently sold within a certain duration.
Up to 1 year 12%
More than 1 year and up to 2 years 8%
More than 2 years and up to 3 years 4%
More than 3 years No SSD payable
Source: IRAS
The progressive payment schedule typically involves the developer requesting payments in stages as the construction progresses. The payment stages are tied to specific milestones, such as the completion of the foundation, framing, and completion of the building.
Order of Payment Progress of Payment Percentage of Payment
1st Payment Upon obtaining Option To Purchase 5%
Upon signing of Sales & Purchase Agreement 15%
2rd Payment On completion of foundation work 10%
3th Payment On completion of reinforced concrete framework 10%
4th Payment On completion of brick wall 5%
5th Payment On completion of ceiling/roofing 5%
6th Payment On completion of doors and window frames are in position, electrical wiring (without fittings) & plumbing & internal plastering 5%
7th Payment Completion of car park, roads and drains serving the housing project 5%
8th Payment On production of the Temporary Occupation Permit & the Architect's Certification of Completion 25%
9th Payment Upon completion of the Sale & Purchase 2%
Upon production of the Certificate of Statutory Completion 8%
On the expiry of 12 months from the date of notice to take vacant possession. 5%
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