The tax required to purchase any property in Singapore is called stamp duty. There are two types of stamp duty that will affect some home purchases. They are buyer’s stamp duty (BSD), and additional buyer’s stamp duty (ABSD).
Buyer’s Stamp Duty (BSD)
| Purchase price or market value, whichever is higher | Stamp Duty |
|---|---|
| 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)
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.
Seller’s Stamp Duty (SSD) – Purchased on and after 11-Mar-2017
| Holding Period | Seller’s Stamp Duty |
|---|---|
| Up to 1 Year | 12% |
| Up to 2 Years | 8% |
| Up to 3 Years | 4% |
| More than 3 Years | 0% |
Seller’s Stamp Duty (SSD) – Purchased between 14-Jan-2011 to 10-Mar-2017
| Holding Period | Seller’s Stamp Duty |
|---|---|
| Up to 1 Year | 16% |
| Up to 2 Years | 12% |
| Up to 3 Years | 8% |
| Up to 4 Years | 4% |
| More than 4 Years | 0% |
Visit IRAS website for more information.
