Buyer’s Stamp Duty (BSD)
Buyer Stamp Duty (BSD) is a tax on documents relating to all property purchase in Singapore, such as the Sales and Purchase Agreement.
For those who are only looking to buy their first property, BSD is certainly more applicable than ABSD.
Additional Buyer’s Stamp Duty (ABSD)
ABSD is computed based on your purchase price. The rates will first of all depend on your residency status and next the number of property held.