Answer
Stamp Duty on a $3M Condo in Singapore
At $3M, you sit right at the top of the 5% BSD bracket. One dollar more and you hit 6%. Here's the exact breakdown for every buyer profile.
Answer: Stamp duty on a $3,000,000 condo in Singapore is $119,600 (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) + $75,000 (5% on remaining $1.5M). That's 3.99% of the purchase price. BSD can be paid from CPF OA.
BSD Breakdown — $3,000,000
| 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 – $3,000,000 | 5% | $1,500,000 | $75,000 |
| Total BSD | $119,600 | ||
$3M lands exactly at the top of the 5% bracket. The 6% bracket applies above $3M.
BSD Comparison — $2M vs $3M
| Price | BSD | Effective Rate | Difference |
|---|---|---|---|
| $2,000,000 | $69,600 | 3.48% | — |
| $3,000,000 | $119,600 | 3.99% | +$50,000 |
The extra $1M is all taxed at 5%, adding $50,000 in BSD.
Total Stamp Duty by Buyer Profile
Purchase price: $3,000,000
| Profile | BSD | ABSD | Total |
|---|---|---|---|
| SC, 1st property | $119,600 | $0 | $119,600 |
| SC, 2nd property | $119,600 | $600,000 | $719,600 |
| SC, 3rd+ property | $119,600 | $900,000 | $1,019,600 |
| PR, 1st property | $119,600 | $150,000 | $269,600 |
| PR, 2nd property | $119,600 | $900,000 | $1,019,600 |
| PR, 3rd+ property | $119,600 | $1,050,000 | $1,169,600 |
| Foreigner | $119,600 | $1,800,000 | $1,919,600 |
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 ($119,600) | Yes | No |
| ABSD (if any) | No | Cash only |
| Down payment (25% = $750,000) | Yes | 5% must be cash ($150,000) |
Want a different price?
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 $3 million condo in Singapore?
For a Singapore Citizen buying their first property, stamp duty (BSD) on a $3,000,000 condo is $119,600. No ABSD applies. For a second property, add 20% ABSD ($600,000) for a total of $719,600.
How is BSD calculated on $3 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 remaining $1,500,000 ($75,000) = $119,600 total. $3M lands exactly at the top of the 5% bracket.
Can I pay stamp duty on a $3M condo using CPF?
Yes, BSD ($119,600) can be paid from your CPF OA. However, ABSD (if applicable) must be paid in cash. For a first-time SC buyer, the full $119,600 can come from CPF.
What is the ABSD on a $3M condo for a second property?
For a Singapore Citizen buying a second residential property, ABSD is 20% of the purchase price: $600,000. Total stamp duty = $119,600 (BSD) + $600,000 (ABSD) = $719,600.
Does the 6% BSD bracket apply to a $3M condo?
No. The 6% bracket kicks in above $3,000,000. A $3M condo lands exactly at the top of the 5% bracket. If you paid even $1 more — say $3,000,001 — the extra $1 would be taxed at 6%. At $3M flat, your BSD is $119,600.
Related
- Stamp Duty Calculator — any price, any buyer profile
- Affordability Calculator — max condo from your HDB equity
- Stamp Duty on a $2M Condo
- Stamp Duty on a $1.5M Condo
- Salary Needed for a $2M Condo
- How Much Cash to Buy a Condo
Last updated Feb 2026. BSD rates effective 15 Feb 2023, ABSD rates effective 27 Apr 2023 (IRAS). This is a calculation, not financial advice.