STAMP DUTY

Before making any purchases of residential properties in Singapore, it is important to be aware of the taxes that one is subjected to before making a major financial commitment. Below are some important taxes that a home buyer or seller should take note:


Buyer's Stamp Duty (BSD)

Based on the purchase price or market value, whichever is higher Percentage
First $180,000 1%
Next $180,000 2%
Next $640,000 3%
Remaining amount 4%

The Buyer Stamp Duty is applicable to all buyers purchasing a residential property in Singapore, including new launch condominiums, HDBs and uncompleted projects.


For a residential property of price or market value of $1 million or below, the buyer stamp duty can be calculated using the formula below:

BSD = (3% x Property Price) - $5,400



For a residential property of price or market value above $1 million, the buyer stamp duty can be calculated using the formula below:

BSD = (4% x Property Price) - $15,400



Additional Buyer's Stamp Duty (ABSD)

Profile Of Buyer ABSD Rates
1st Property 2nd Property 3rd Property
& Subsequent Purchase
Singapore Citizens - 12% 15%
Singapore Permanent Residents 5% 15% 15%
Foreigners 20% 20% 20%
Corporate Entities 25% 25% 25%

Foreigners under Free Trade Agreements (FTAs) will be accorded with the same treatment as Singapore Citizens Nationals & PRs of Switzerland, Liechtenstein, Norway, Iceland & Nationals of United States of America.



Seller's Stamp Duty (SSD) - Purchased on and after 11-Mar-2017

Holding Period SSD payable
Up to 1 Year 12% of consideration or value, whichever is higher
Up to 2 Years 8% of consideration or value, whichever is higher
Up to 3 Years 4% of consideration or value, whichever is higher
More than 3 Years No SSD Payable

Seller's Stamp Duty (SSD) - Purchased between 14-Jan-2011 to 10-Mar-2017

Holding Period SSD payable
Up to 1 Year 16% of consideration or value, whichever is higher
Up to 2 Years 12% of consideration or value, whichever is higher
Up to 3 Years 8% of consideration or value, whichever is higher
Up to 4 Years 4% of consideration or value, whichever is higher
More than 4 Years No SSD Payable

The Seller Stamp Duty (SSD) is applicable to residential property buyers who sold their property within 3 years upon acquiring the property.

The SSD was first implemented in the year 2011. SSD is payable if a property owner purchased the property on or after 14th January 2011 and sells it within 4 years. Property owners who have acquired their residential property on or after 11th March 2017 will only need to hold the property for 3 years before selling if they want to avoid SSD.

Visit IRAS website for more information.