The Additional Buyer's Stamp Duty (ABSD) is a tax levied on certain categories of property buyers in Singapore. It is an additional stamp duty imposed on top of the Buyer's Stamp Duty (BSD) mentioned earlier. The ABSD is intended to curb excessive demand and promote a stable property market.
The ABSD rates are determined based on the buyer's residency status, the number of residential properties they currently own, and the type of property being purchased. As of my knowledge cutoff in September 2021, the ABSD rates for residential properties are as follows: