BSD & ABSD When You Already Own a Home

Key takeaways

• 1

  On a $2 million second home, ABSD can reach around $400,000 — and many upgraders only discover it after they've committed.

• 2

  Every purchase carries Buyer's Stamp Duty; buying a second property while you still hold your first adds ABSD on top — 20% for Singapore citizens.

• 3

  For married upgraders, ABSD is often refundable: buy first, then sell your existing home within six months to claim it back.

• 4

  Miss that deadline and the refund is gone — and the '99-to-1' route is not a shortcut, as IRAS is actively auditing it.

• 5

  Getting the sequence right — sell first, buy first, or restructure — is what decides your actual cost.

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