If I am a US Citizen purchasing my first residential property in Singapore, will I incur Additional Buyer’s Stamp Duty (ABSD)?

For foreigners purchasing a property in Singapore, ABSD at the applicable rate will be payable.

Under the Free Trade Agreement ABSD Remission, as a US Citizen, you will receive the same Stamp Duty treatment as Singapore Citizens.

If this purchase is your first residential property, you will not incur ABSD.