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Stamp Duty on Properties in Singapore

 

Whether you are buying or selling a property in Singapore, you need to take special note of the Stamp Duty that might be payable by the buyer or seller.

All property purchases will be subject to Buyer Stamp Duty (BSD) of up to 4%, depending on the property price/valuation, whichever is higher.

For Residential Property purchased in Singapore, Additional Buyer Stamp Duty (ABSD) is also payable depending on the circumstances. ABSD was first introduced on 8 December 2011 and revised upwards on 12 January 2013 and most recently on 6 July 2018, as a means to control excessive speculation in property purchases. ABSD is imposed on Singapore Citizens buying second property onwards, and is also applicable for Singapore Permanent Residents and Foreigners buying residential properties in Singapore. 

Owners of residential and industrial properties must aware that stamp duty is also payable when selling properties within the holding period. Seller’s Stamp Duty (SSD) was first introduced on residential properties that were purchased on or after 20 Feb 2010 and if the properties are sold within the holding period. Seller’s Stamp Duty also applies to industrial property bought on or after 12 Jan 2013.


Below is the Summary of the Stamp Duty payable under different scenarios.

Buyer's Stamp Duty (BSD)

This is applicable to all buyers of all property types (based on price or valuation, whichever is higher).

Price or Valuation Stamp Duty Rate
For Residential Properties
Stamp Duty Rate
For Non-Residential Properties
First $180,000 1.00% 1.00%
Next $180,000 2.00% 2.00%
Next $640,000 3.00% 3.00%
Exceeding $1,000,000 4.00%
Wef 20 Feb 2018

For more details, refer to IRAS webpage.

Additional Buyer's Stamp Duty (ABSD)

Applicable for Residential Properties only.

Wef 6 July 2018 1st Purchase 2nd Purchase =>3rd Purchase
Singaporeans 0% 12% 15%
Permanent Residents 5% 15% 15%
Foreigners  20% 20% 20%
Entities  25% 25% 25%

For more details, refer to IRAS webpage.

Full ABSD remission may be applicable for the following circumstances:

  • Joint purchase of first residential property by married couples involving one Singapore Citizen
  • Joint purchase of second residential property by married couples involving one Singapore Citizen. Existing property to be sold within six months from date of purchase/ TOP date of second property.

For more details on ABSD remission, refer to IRAS webpage.

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Seller's Stamp Duty (SSD)

Below is the Summary of the Stamp Duty payable if the property is sold within 3 years from date of purchase.

(a) Seller's Stamp Duty Imposed on Residential Properties bought/acquired from 11 March 2017, and sold/disposed of Within 3 Years:

Holding Period Seller's Stamp Duty
Up to 1 Year 12% of price or valuation whichever is higher
> 1 Year, Up to 2 Years 8% of price or valuation whichever is higher
> 2 Year, Up to 3 Years 4% of price or valuation whichever is higher

For more details, refer to IRAS webpage.

(b) Seller's Stamp Duty Imposed on Industrial Properties bought/acquired from 12 Jan 2013 onwards, and sold/disposed of Within 3 Years

Holding Period Seller's Stamp Duty
1 Year 15% of price or valuation whichever is higher
2 Years 10% of price or valuation whichever is higher
3 Years 5% of price or valuation whichever is higher

For more details, refer to IRAS webpage.

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