Answer
Stamp Duty on a $1M Condo in Singapore
The exact amount depends on your residency status and whether this is your first property.
Answer: Stamp duty on a $1,000,000 condo in Singapore is $24,600 (BSD) for a Singapore Citizen buying their first property. No ABSD applies. The BSD breaks down as: $1,800 (1% on first $180K) + $3,600 (2% on next $180K) + $19,200 (3% on remaining $640K). BSD can be paid from CPF OA.
BSD Breakdown — $1,000,000
| Bracket | Rate | Amount | Tax |
|---|---|---|---|
| First $180,000 | 1% | $180,000 | $1,800 |
| $180,001 – $360,000 | 2% | $180,000 | $3,600 |
| $360,001 – $1,000,000 | 3% | $640,000 | $19,200 |
| Total BSD | $24,600 | ||
Total Stamp Duty by Buyer Profile
Purchase price: $1,000,000
| Profile | BSD | ABSD | Total |
|---|---|---|---|
| SC, 1st property | $24,600 | $0 | $24,600 |
| SC, 2nd property | $24,600 | $200,000 | $224,600 |
| SC, 3rd+ property | $24,600 | $300,000 | $324,600 |
| PR, 1st property | $24,600 | $50,000 | $74,600 |
| PR, 2nd property | $24,600 | $300,000 | $324,600 |
| Foreigner | $24,600 | $600,000 | $624,600 |
ABSD rates effective 27 Apr 2023. BSD can be paid from CPF OA. ABSD must be paid in cash.
What Can Be Paid from CPF?
| Component | CPF OA? | Cash Only? |
|---|---|---|
| BSD ($24,600) | Yes | No |
| ABSD (if any) | No | Cash only |
| Down payment (20% = $200,000) | Yes | 5% must be cash ($50,000) |
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Stamp Duty CalculatorFAQ
How much is stamp duty on a $1 million condo in Singapore?
For a Singapore Citizen buying their first property, stamp duty (BSD) on a $1,000,000 condo is $24,600. No ABSD applies. For a second property, add 20% ABSD ($200,000) for a total of $224,600.
Can I pay stamp duty on a $1M condo using CPF?
Yes, BSD ($24,600) can be paid from your CPF OA. However, ABSD (if applicable) must be paid in cash. For a first-time SC buyer, the full $24,600 can come from CPF.
How is BSD calculated on $1 million?
BSD uses progressive brackets: 1% on first $180,000 ($1,800) + 2% on next $180,000 ($3,600) + 3% on remaining $640,000 ($19,200) = $24,600 total.
What is the ABSD on a $1M condo for a second property?
For a Singapore Citizen buying a second residential property, ABSD is 20% of the purchase price: $200,000. Total stamp duty = $24,600 (BSD) + $200,000 (ABSD) = $224,600.
How much stamp duty does a foreigner pay on a $1M condo?
A foreigner pays $24,600 (BSD) + $600,000 (60% ABSD) = $624,600 total stamp duty on a $1,000,000 condo. ABSD must be paid in cash.
Related
Last updated Feb 2026. BSD rates effective 15 Feb 2023, ABSD rates effective 27 Apr 2023 (IRAS). This is a calculation, not financial advice.