Answer
Stamp Duty on a $2M Condo in Singapore
At $2M, you cross into the 5% BSD bracket. Here's the exact breakdown for every buyer profile.
Answer: Stamp duty on a $2,000,000 condo in Singapore is $69,600 (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 next $640K) + $20,000 (4% on next $500K) + $25,000 (5% on final $500K). That's 3.48% of the purchase price. BSD can be paid from CPF OA.
BSD Breakdown — $2,000,000
| 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 |
| $1,000,001 – $1,500,000 | 4% | $500,000 | $20,000 |
| $1,500,001 – $2,000,000 | 5% | $500,000 | $25,000 |
| Total BSD | $69,600 | ||
Total Stamp Duty by Buyer Profile
Purchase price: $2,000,000
| Profile | BSD | ABSD | Total |
|---|---|---|---|
| SC, 1st property | $69,600 | $0 | $69,600 |
| SC, 2nd property | $69,600 | $400,000 | $469,600 |
| SC, 3rd+ property | $69,600 | $600,000 | $669,600 |
| PR, 1st property | $69,600 | $100,000 | $169,600 |
| PR, 2nd property | $69,600 | $600,000 | $669,600 |
| PR, 3rd+ property | $69,600 | $700,000 | $769,600 |
| Foreigner | $69,600 | $1,200,000 | $1,269,600 |
ABSD rates effective 27 Apr 2023 (IRAS). BSD payable from CPF OA. ABSD must be in cash.
What Can Be Paid from CPF?
| Component | CPF OA? | Cash Only? |
|---|---|---|
| BSD ($69,600) | Yes | No |
| ABSD (if any) | No | Cash only |
| Down payment (25% = $500,000) | Yes | 5% must be cash ($100,000) |
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Use the interactive calculator to get the exact breakdown for any property price and buyer profile.
Stamp Duty CalculatorFAQ
How much is stamp duty on a $2 million condo in Singapore?
For a Singapore Citizen buying their first property, stamp duty (BSD) on a $2,000,000 condo is $69,600. No ABSD applies. For a second property, add 20% ABSD ($400,000) for a total of $469,600.
How is BSD calculated on $2 million?
BSD uses progressive brackets: 1% on first $180,000 ($1,800) + 2% on next $180,000 ($3,600) + 3% on next $640,000 ($19,200) + 4% on next $500,000 ($20,000) + 5% on final $500,000 ($25,000) = $69,600 total.
Can I pay stamp duty on a $2M condo using CPF?
Yes, BSD ($69,600) can be paid from your CPF OA. However, ABSD (if applicable) must be paid in cash. For a first-time SC buyer, the full $69,600 can come from CPF.
What is the ABSD on a $2M condo for a second property?
For a Singapore Citizen buying a second residential property, ABSD is 20% of the purchase price: $400,000. Total stamp duty = $69,600 (BSD) + $400,000 (ABSD) = $469,600.
How much stamp duty does a foreigner pay on a $2M condo?
A foreigner pays $69,600 (BSD) + $1,200,000 (60% ABSD) = $1,269,600 total stamp duty on a $2,000,000 condo. ABSD must be paid in cash.
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Last updated Feb 2026. BSD rates effective 15 Feb 2023, ABSD rates effective 27 Apr 2023 (IRAS). This is a calculation, not financial advice.