Buyer’s Stamp Duty

Additional Buyer’s Stamp Duty

Seller’s Stamp Duty

With the latest 16th December cooling measures, it is critical for new homeowners to understand how they can minimise the amount of tax outlay to maximise their profits. 

Here you can find the latest stamp duty payable on property purchases based on the latest information.

Buyer’s Stamp Duty

Buyer’s Stamp Duty is a property tax taxable for all residential property depending on the purchase price. It is applicable for most of the mode of transfer (e.g. private treaty, transfer of shares, trust), except for via inheritance.

BSD rates for residential properties
First $180,000
1%
Next $180,000
2%
Next $640,000
3%
Remaining Amount
4%
BSD rates for non-residential properties
First $180,000
1%
Next $180,000
2%
Next $640,000
3%
Remaining Amount
3%

Additional Buyer’s Stamp Duty

As of 16 Dec 2021, the government the latest rules of cooling measures to ease the rising prices of HDB and private housing market. Judging on the current measures, it is meant to reduce the pace of the double-digit growth occurred in 2021. The goal is not to make the prices to fall, but rather to align the housing market growth with our economic growth.

ABSD rates on or after Dec 16, 2021
Singapore Citizens
First Property
0%
Second Property
17%
Third Property Onwards
25%
Permanent Residents
First Property
5%
Second Property
25%
Third Property Onwards
30%
Foreigners
Any Property Count
30%
Entities
Any Property Count
35% (+5% for housing developers; non-remittable)

Seller’s Stamp Duty

Seller Stamp Duty is a tax imposed on sellers who sold their private property within a 3 years time frame. The earlier you sell your property, the higher the tax penalty. This rule prevents homeowners profiting from flipping properties.

On the surface it would seem like an undesirable tax rule for investors. However, this strengthens the control the government have over the property market, providing a ‘cushion’ for the housing market during a market economic downturn. Which led to one of the main reason why Singapore is a prime country for real estate investment. 

Seller's Stamp Duty
Up to 1 year
12%
Between 1 to 2 years
8%
Between 2 to 3 years
4%
More than 3 years
0%

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