Icelandic Investors: Invest in Singapore Property
— Without the 60% Foreign Stamp Duty
Maximize Your Investment. Avoid the Extra 60%.
Looking to expand your investment portfolio or relocate to Asia’s most stable property market? As an Icelandic citizen, you enjoy full remission of Singapore’s Additional Buyer’s Stamp Duty (ABSD) under the EFTA–Singapore Free Trade Agreement. That means you pay only the standard Buyer’s Stamp Duty (BSD) — the same rates Singapore citizens pay.
🏠 Save up to S$600,000 on a S$1M property
🏠 Save up to S$1.8M on a S$3M investment
Why Icelandic Investors Are Buying Property in Singapore
✅ Icelandic Króna Buys More in Singapore
With a favorable exchange rate (1 SGD ≈ 100 ISK), your Icelandic earnings stretch further.
A 1-bedroom condominium in a good location starts at S$750,000, approximately:
- ISK 75,000,000
- USD 550,000
- EUR 515,000
With no ABSD, more of your investment goes into property — not tax.
✅ Strategic Entry into Asia’s Property Market
✅ Efficient Global Wealth Diversification
✅ Efficient Global Wealth Diversification
Benefits for Icelandic Investors Owning
Property in Singapore
Global Portfolio
from Taxes
Common Misconceptions About Investing Singapore Property as an Icelandic Citizen
❌ “All foreigners must pay high stamp duties in Singapore.”
❌ “Investing overseas is too complex and risky.”
❌ “I need to live or work in Singapore to qualify for tax benefits.”
How Icelandic Nationals Benefit from ABSD Exemption When Investing Property in Singapore
Example 1: Icelandic Executive Saves Over S$500K on a Prime Singapore Home
Ms. Jónsdóttir, a senior executive from Reykjavík, wanted to purchase a high-end condominium in Singapore’s Orchard Road area as part of her retirement plan and future relocation strategy. She initially hesitated, thinking the 60% Additional Buyer’s Stamp Duty (ABSD) would make the investment unattractive.
Outcome:
After consulting with a property advisor, she discovered that Icelandic citizens are fully exempt from ABSD under the EFTA–Singapore FTA. She moved forward with the purchase and paid only the standard Buyer’s Stamp Duty (BSD), saving more than S$500,000 in taxes.
Key Takeaway:
Thanks to ABSD exemption, Icelandic nationals like Ms. Jónsdóttir can invest in Singapore property just like locals — with significant upfront tax savings.
Example 2: First-Time Icelandic Buyer Enters the Singapore Market Without Extra Tax
Mr. Einarsson, a young professional based in Akureyri, wanted to buy a property in Singapore as his first overseas investment. He assumed that, like most foreigners, he would have to pay ABSD — a 60% surcharge on top of property prices.
Outcome:
Upon researching, he learned about the ABSD exemption for Iceland citizens through the EFTA agreement. He was able to purchase a new launch condominium in the city fringe without paying the foreign buyer tax, giving him a strong start to building his international property portfolio.
Key Takeaway:
First-time Icelandic investors can enter Singapore’s market tax-efficiently, gaining access to global property growth without the barriers others face.
Example 3: Icelandic Property Investor Expands Portfolio ABSD-Free
Mr. Magnússon, an experienced property investor from Iceland, wanted to diversify his holdings into Asia and identified Singapore as a stable, high-potential market. However, the 60% ABSD on foreign buyers seemed like a major cost obstacle.
Outcome:
Thanks to his Icelandic nationality and the EFTA agreement, Mr. Magnússon was fully exempt from ABSD. He proceeded to purchase two investment properties in Singapore, redirecting the saved tax amount into renovations and marketing. His properties quickly attracted high-quality tenants, generating strong rental yields.
Key Takeaway:
Icelandic investors can expand their portfolios in Singapore confidently and cost-effectively — with no ABSD barrier limiting their strategy.
USSFTA vs EFTA-Singapore FTA: What’s the Difference?
Both Free Trade Agreements grant Additional Buyer’s Stamp Duty remission for eligible foreign buyers,
but there are key distinctions in coverage and considerations.
Frequently Asked Questions
❓ Am I really exempt from Singapore’s Additional Buyer’s Stamp Duty (ABSD) as an Icelandic citizen?
❓ Do Icelandic citizens pay ABSD on their first Singapore property?
❓ What property types can I buy?
❓ Do I still have to pay other taxes or fees when buying property in Singapore?
❓ What's the buying process?
❓ Are there rental restrictions for my property?
Testimonials
Secure Your Family’s Future & Investments
Protect your loved ones and financial plans by leveraging your Icelandic citizenship to buy ABSD-free property in Singapore.
Ready to Invest and Save on Stamp Duty?
Latest News & Articles on Additional Buyer’s Stamp Duty
Stay informed with recent developments and expert opinions on absd-related matters in Singapore:
foreign buyers of
CCR homes pushed
