March 15, 2021 Stackedhomes Most home buyers are familiar with the concept of Additional Buyers Stamp Duty (ABSD) as it applies to them. What’s less commonly known is that property developers also have to pay ABSD; and this added tax shapes multiple decisions. From the way developers price their property, right down to development concepts, the ABSD on developers has a significant – yet not directly visible – effect on home buyers. Here’s what you should know about it: What is ABSD for developers? The ABSD for developers is a tax applied on the land price. This is 30 per cent of the land price, which is paid upfront. It is applicable on any development that comprises of five or more units (this is virtually every residential development in Singapore).