Breakdown of ABSD Collected from PRs by Property Type and Price Range over Last Five Years

Mr Chua Kheng Wee Louis asked the Prime Minister and Minister for Finance for each year over the last five years where Additional Buyer's Stamp Duty (ABSD) was levied on Permanent Residents, what is the breakdown by number of cases and ABSD collected for (i) HDB properties, (ii) private properties with a purchase price below S$1.5 million, and (iii) private properties with a purchase price above S$1.5 million.

From 2020 to 2024, the average number of residential property transactions that involved the levying of Additional Buyer's Stamp Duty (ABSD) on Singapore Permanent Residents (SPRs) was around 6,600 per year. The corresponding average ABSD collected was around S$462 million per year.

Out of these transactions, about 33% were for Housing and Development Board (HDB) properties; about 43% were for private properties with a purchase price below S$1.5 million and about 24% were for private properties with a purchase price equal to or above S$1.5 million. In terms of ABSD collected, HDB properties accounted for about 12%; private properties with a purchase price below S$1.5 million accounted for about 31%; and private properties with a purchase price equal to or above S$1.5 million accounted for the remaining 57%.

Joint purchases by SPRs and foreigners are not included in the above-mentioned data, as these purchases will have to pay ABSD under the profile with the higher ABSD rate, that is, the ABSD rate for foreigners.