Summary
Singapore’s private residential price tape moderated in Q2 2026 (URA flash estimate: overall index +0.5% quarter on quarter). That does not unwind the Additional Buyer’s Stamp Duty (ABSD) stack in force since 27 April 2023.
Per IRAS, rates on or after that date still include: foreigners at 60% on any residential purchase; Singapore citizens at 20% on a second residential property and 30% on a third or subsequent purchase; Singapore permanent residents at 5% / 30% / 35% on first / second / third+; and entities (and trustees for living trusts) at 65%. PropertyNet.SG’s May 2026 cooling-measures review likewise describes those April 2023 rates as unchanged into 2026.
Always confirm the exact rate on the IRAS ABSD page for the buyer profile and purchase date. Do not treat secondary blogs as a substitute for IRAS. Do not invent yields to “offset” stamp duty.
What this means for Singapore
For Asia-Pacific buyers comparing Singapore to other markets, ABSD is often the larger decision variable than a half-point URA print. Pair any Singapore price commentary with the duty rules that apply to that buyer. Empty public shelves until professionals and listings clear checks are intentional under a verified-only posture.
What to do next
- Confirm ABSD on IRAS for the specific buyer type before modelling a purchase.
- Read URA index moves as moderation context, not a signal that cooling measures have been rolled back.
- Developers and Pros: join the verified path at proprkey.com/en/onboarding
Education only — not tax, legal, or investment advice.