All You Need to Know About Additional Buyer’s Stamp Duty (ABSD)
Most homebuyers are familiar with Buyer’s Stamp Duty (BSD) as it applies to all property transactions. However, one less common form of stamp duty when purchasing residential properties is the Additional Buyer’s Stamp Duty (ABSD). While everyone has to pay BSD, not all buyers have to pay ABSD. Stamp duties were first introduced in Singapore to regulate property prices. In a similar vein, ABSD was later instituted to manage the demand for residential properties to ensure that residential property remains
Ray Hoe
February 8, 2023