Photograph of the areaBuying a home at Promenade Peak brings Buyer’s Stamp Duty on the purchase price and, depending on the buyer, Additional Buyer’s Stamp Duty as well; Seller’s Stamp Duty only comes into play on a resale within four years. The figures on this page are the rates IRAS published as at 21 October 2026.
Buyer’s Stamp Duty at Promenade Peak
BSD is worked out in slices. Each slice of the price carries its own rate, starting at 1% on the first $180,000 and rising to 6% on any part of the price above $3,000,000, and the duty is the total of the slices. These residential rates have been in force since 15 February 2023.
| Slice of the purchase price | Rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Amount above $3,000,000 | 6% |
Source: IRAS, checked 21 October 2026. Rates can change; confirm with IRAS before signing.
Working Through BSD for Promenade Peak
Take an illustrative price of $1,500,000, a round figure chosen for the arithmetic, not the price of any home in the development. The first four slices apply, and their duty adds up to $44,600.
| Slice | Duty |
|---|---|
| $180,000 at 1% | $1,800 |
| $180,000 at 2% | $3,600 |
| $640,000 at 3% | $19,200 |
| $500,000 at 4% | $20,000 |
| BSD on $1,500,000 | $44,600 |
Source: IRAS, checked 21 October 2026. Rates can change; confirm with IRAS before signing.
For any other figure, the stamp duty calculator runs the same slices and adds ABSD for the buyer you describe. To work it out for an actual home, ask the Sales Concierge for the current price list.
ABSD, where it applies, is one flat rate on the whole price rather than a set of slices. On the same illustrative $1,500,000, a Singapore Citizen buying a second home would add $300,000, and a Permanent Resident buying a first home $75,000.
Within 14 days.
BSD and any ABSD are payable shortly after the sale and purchase agreement is signed, well ahead of the loan.
Additional Buyer’s Stamp Duty at Promenade Peak
ABSD sits on top of BSD. For an individual, the rate turns on residency and on how many residential properties are already owned when the new one is bought; foreigners and entities pay a single rate whatever they own. The rates below have applied since 27 April 2023.
| Buyer profile | First property | Second property | Third and subsequent |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| Singapore Permanent Resident | 5% | 30% | 35% |
| Foreigner | 60% | 60% | 60% |
| Entity | 65% | 65% | 65% |
Source: IRAS, checked 21 October 2026. Rates can change; confirm with IRAS before signing.
IRAS allows some relief. A married couple with at least one Singapore Citizen spouse, buying jointly and owning no other home, may apply for ABSD remission, and a couple who buy a second home before selling the first may claim a refund if the first is sold within the time IRAS sets. Free trade agreements give nationals and permanent residents of the United States, and nationals of Iceland, Liechtenstein, Norway and Switzerland, the same ABSD treatment as Singapore Citizens. Because Promenade Peak is a private condominium, a foreign buyer needs no separate approval of the kind required for landed homes.
Seller’s Stamp Duty and Promenade Peak
SSD falls on the seller, and only where a residential property is sold within four years of its purchase. For homes bought on or after 4 July 2025, the rates step down by holding period:
| Holding period at sale | SSD rate |
|---|---|
| Up to 1 year | 16% |
| More than 1 year, up to 2 years | 12% |
| More than 2 years, up to 3 years | 8% |
| More than 3 years, up to 4 years | 4% |
| More than 4 years | No SSD |
Source: IRAS, checked 21 October 2026. Rates can change; confirm with IRAS before signing.
Since BSD and ABSD are payable within 14 days of the sale and purchase agreement, they belong at the very start of the budget, next to the 5% booking fee. The progressive payment calculator shows them in the full schedule, and the payment scheme page lists every instalment.
Request the Promenade Peak Price List
Promenade Peak is open for sale, and the Sales Concierge sends the current price list with the homes still available. Showflat viewings are arranged by appointment through the Sales Concierge.
Sent on request
- The current price list with the homes still available.
- The e-brochure and the floor plans you shortlist.
- A payment schedule and the stamp duty for your profile.
- A showflat appointment at a time that suits you.
Request the Price List
No obligation. The Sales Concierge responds personally to every enquiry.
Prefer to speak to someone? Call +65 6200 6220, or send a WhatsApp message to the same number.