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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 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 in 8 December 2011 and revised upwards on 12 January 2013 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. Below is the Summary of the ABSD payable under different scenarios.

Owners of residential and industrial properties are to be aware that stamp duty is also payable when selling the properties within the holding period. Seller’s Stamp Duty was first introduced on residential properties that are 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.

Buyer's Stamp Duty

(a) Buyer's Stamp Duty on Purchase of Property

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

 

(b) Additional Buyer's Stamp Duty on Purchase of Residential Property

Wef 12 Jan 2013 1st Purchase 2nd Purchase =>3rd Purchase
Singaporeans 0% 7% 10%
Permanent Residents 5% 10% 10%
Foreigners & Corporates  15% 15% 15%

For more details, refer to IRAS webpage.

Seller's Stamp Duty

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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