Question 1 Refer to the website https://propertynet.sg/what-is-stamp-duty/ for how the total stamp duty payable by buyer of residential properties is computed The total stamp duty payable by buyer is the sum of the buyer stamp duty (BSD) and the additional buyer stamp duty (ABSD), that is, Total stamp duty payable buyer stamp duty (BSD) additional buyer stamp duty (ABSD) Buyer Stamp Duty The rates of buyer stamp duty are given in Table Q1. Payment Schedule % of Stamp Duty First S$180,000 1% Next S$180,000 2% Next S$640,000 3% Remaining Amount 4% Table Q1.1.Rates for buver stamp duty Example Assuming a buyer wishes to purchase a condominium at a market price of $2 million