Dunearn House: PR & Foreigner ABSD
Singapore PR buying 1st property: 5% ABSD. PR 2nd property: 30% ABSD. Foreign individual: 60% ABSD. Foreign entities: 65% ABSD. No ABSD remission for CCR private condos under standard rules. ABSD is calculated on purchase price or market value, whichever is higher. Must be paid within 2 weeks of OTP exercise.
Dunearn House for Singapore PRs & Foreigners: Complete ABSD Guide
Singapore’s Additional Buyer’s Stamp Duty (ABSD) regime is one of the most significant cost factors for PRs and foreigners purchasing Dunearn House. This guide explains the ABSD rates, timing, payment structure, and whether CCR ownership still makes sense for non-SC buyers.
ABSD Rate Table (2024, for Reference)
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Property |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| Singapore PR | 5% | 30% | 35% |
| Foreign Individual | 60% | 60% | 60% |
| Foreign Entity | 65% | 65% | 65% |
| Developer | Applies (remissible on conditions) | — | — |
ABSD rates correct as of 2024. Subject to change. Always verify with IRAS or a licensed property agent before purchase.
For Singapore PRs: First Property — The Most Accessible Path
PRs buying their first Singapore residential property pay 5% ABSD. On a S$2.0M Dunearn House 2BR, that is S$100,000 — a significant but manageable cost for a CCR asset. PRs who are Singapore-based long-term, earn S$15,000–25,000/month, and plan to hold for 10+ years can justify Dunearn House as a first private property purchase. The CCR address, school proximity, and potential appreciation make the 5% ABSD a reasonable entry cost.
Speak to Alvin Tan — New Launch Specialist
WhatsApp: wa.me/6584888648
CEA Reg. No. R072324C | ERA Realty Network Pte Ltd (L3002382K)
For Foreigners: The 60% ABSD Challenge
Foreign individual buyers face 60% ABSD — the most significant property acquisition cost globally. On a S$2.8M Dunearn House 3BR, ABSD = S$1.68M. Total acquisition cost (price + ABSD + BSD + legal) exceeds S$4.7M. This is only viable for buyers with a strong capital appreciation conviction or Singapore-based income that makes the holding cost sustainable.
Key situations where foreigners still buy Singapore CCR despite 60% ABSD: (1) Wealth preservation — Singapore’s political/legal stability is worth paying for, (2) Education — children attending Hwa Chong, Raffles Girls’, or NJC, (3) Business anchoring — regional HQ operators who want a Singapore residential anchor for long-term stays.
ABSD Remission: When Does It Apply?
No standard ABSD remission is available for foreign individual purchasers of Singapore private residential property. However, qualifying family offices registered under the MAS Section 13O or 13U scheme may access structures that reduce the effective residential property tax burden. This is a highly specialised area — engage a qualified tax and legal advisor for structuring advice specific to your circumstances.
How much ABSD does a Singapore PR pay for Dunearn House?
5% ABSD for a PR buying their first Singapore residential property. On a S$2.0M 2BR: S$100,000 ABSD. On a S$2.8M 3BR: S$140,000 ABSD.
Can a foreigner buy Dunearn House?
Yes — Dunearn House is a private condo, open to foreign buyers. However, foreigners pay 60% ABSD. On a S$2.8M unit: S$1.68M ABSD. Total acquisition cost exceeds S$4.7M. Viable for wealth preservation or education-driven buyers.
When must ABSD be paid?
ABSD must be paid within 2 weeks of the Option to Purchase (OTP) exercise date. It cannot be deferred. Ensure your financing includes ABSD in the cash/CPF planning.
Speak to Alvin Tan — New Launch Specialist
WhatsApp: wa.me/6584888648
CEA Reg. No. R072324C | ERA Realty Network Pte Ltd (L3002382K)
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