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.
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