Stamp Duty

Singapore has established a very competitive and fair property-related tax system to regulate the property market. When you purchase new launch development, you are subject to pay property-related taxes includes Buyer’s Stamp Duty and/or Additional Buyer’s Stamp Duty (ABSD) which is subject to your nationality and/or Numbers of residential property you own in Singapore. After you become the proud homeowners, you are subject to pay Property Tax annually, or Seller’s Stamp Duty when you plan to sell your home within 3 years from the date on which you exercise the Sales &Purchase Agreement.

  1. Stamp Duty: it is a document-related tax. Almost all property transactions are subject to Stamp Duty.
  2. Additional Buyer’s Stamp Duty (ABSD): ABSD is a Stamp Duty on the top of the existing Stamp Duty for a special group of buyers when purchasing a residential property.
  3. Seller’s Stamp Duty (SSD): SSD is a Stamp Duty imposed on sellers who sell or dispose their property within a certain period of time.
  4. Property Tax: it is a wealth tax paid yearly by a property owner and is applied irrespective of whether lived in, vacant or rented out.

Buyer’s Stamp Duty (On or after 15 Feb 2023)

Purchase Price or Market Value of the PropertyBSD Rates for Residential PropertiesBSD Rates for Non-Residential Properties
First $180,0001%1%
Next $180,0002%2%
Next $640,0003%3%
Next $500,0004%4%
Next $1,500,0005%5%
Remaining Amount6%5%

Additional Buyer’s Stamp Duty (On or after 27 April 2023)

Nationality1st Property2nd Property3rd Property
Singapore CitizensN.A.20%30%
Permanent Residents5%30%35%
Foreigners60%60%60%
Entities65%65%65%
Housing Developer35% (+5% non-remittable)35% (+5% non-remittable)35% (+5% non-remittable)

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