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 6%, 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. The rates were revised upwards on 12 January 2013, 6 July 2018, 16 December 2021 and most recently on 27 April 2023, as a means to control excessive speculation in property purchases and to moderate demand. 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 be 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% |
| Next $500,000 | 4.00% Wef 20 Feb 2018 |
4.00% Wef 15 Feb 2023 |
| Next $1,500,000 | 5.00% Wef 15 Feb 2023 |
5.00% Wef 15 Feb 2023 |
| Exceeding $3,000,000 | 6.00% Wef 15 Feb 2023 |
For more details, refer to IRAS webpage.
Additional Buyer's Stamp Duty (ABSD)
Applicable for Residential Properties only.
| Wef 27 Apr 2023 | 1st Purchase | 2nd Purchase | =>3rd Purchase |
|---|---|---|---|
| Singaporeans | 0% | 20% | 30% |
| Permanent Residents | 5% | 30% | 35% |
| Foreigners | 60% | 60% | 60% |
| Entities / Trustees | 65% | 65% | 65% |
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.
- Single Singapore Citizen Seniors aged 55 years & above who downgrade their properties, can claim a refund of ABSD paid on the second residential property purchased on/after 16 Feb 2024, provided specific conditions are met. Refer to IRAS webpage.
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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