Stamp Duty

Tampines Ave 11 Condo at Tampines Expressway Near to Century Square Shopping Mall and Cross Island Line tampines scaled

Stamp Duty

When it comes to purchasing Tampines 11, the downpayment is a percentage of the purchase price that you must pay upfront. In Singapore, the downpayment for a new condo is usually 25% of the total purchase price.


If you’re a Singaporean citizen buying your first property, you won’t need to pay Additional Buyer’s Stamp Duty (ABSD). However, if you’re buying a second property, you’ll face a 20% ABSD tax. For example, if you’re purchasing a $1 million condo as your second home, you’ll need to pay $220,000 worth of ABSD.

Current ABSD Rates

Buyer CategoryABSD RatesAdditional Notes
Singapore Citizen (1st property)No ABSDNo additional tax for Singapore Citizens buying their first property.
Singapore Citizen (2nd property)20%A 20% Additional Buyer’s Stamp Duty (ABSD) is applicable for the purchase of the second property.
Singapore Citizen (3rd and subsequent properties)30%For the third and subsequent properties, Singapore Citizens incur a 30% ABSD.
Singapore Permanent Resident (SPR, 1st property)5%SPRs pay a 5% ABSD for their first property purchase.
SPR (2nd property)30%A 30% ABSD applies to SPRs buying their second property.
SPR (3rd and subsequent properties)35%For the third and subsequent properties, SPRs face a 35% ABSD.
Foreigners60%Foreign buyers are subject to a 60% ABSD for any property purchase.
Entities (company or association)65%Entities pay a 65% ABSD for property purchases, with potential variations.
Entities (housing developer)35% (+5% non-remittable)Housing developers pay an additional 5%, non-remittable, making it a total of 40%.
Trustee65%Trustees are subject to a 65% ABSD when purchasing any residential property.
Tampines 11 ABSD Rates Table

In addition to ABSD, you’ll also need to pay Buyer’s Stamp Duty (BSD) when purchasing a new launch condo in Singapore. BSD is calculated based on the purchase price of the property and ranges from 1% to 4%. For example, if you’re purchasing a $1 million condo, you’ll need to pay $24,600 worth of BSD.

Buyer’s Stamp Duty BSD

Purchase Price RangeBSD (Residential)BSD (Non-residential)
First $180,0001%1%
Next $180,0002%2%
Next $640,0003%3%
Next $500,0004%4%
Next $1.5 million5%5%
In excess of $3 million6%5%
Tampines 11 Buyer’s Stamp Duty BSD Table

LTV and the minimum cash downpayment

Loan-to-value (LTV) is the amount of money you can borrow from a bank to finance your new condo. In Singapore, the maximum LTV is 75% of the purchase price. This means that you’ll need to pay at least 25% of the purchase price as a downpayment.

Outstanding Housing LoansLTV LimitMinimum Cash Downpayment for Condo Loans
075% or 5% (for LTV of 75%); 10% (55% LTV)55%*
145% or 25%25%*
2 or more35% or 25%15%*
Tampines 11 LTV Table

Of this 25%, a minimum of 5% must be paid in cash. The remaining 20% can be paid using your CPF Ordinary Account (OA) savings or in cash. However, if you’re a first-time buyer and your loan tenure is more than 25 years, you’ll need to pay a minimum of 10% in cash.