Stamp Duty

Type of Stamp Duty (Residential) – Sale/ Buy

1. Seller Stamp Duty (SSD)
2. Buyer Stamp Duty (BSD)
3. Additional Buyer Stamp Duty (ABSD)

4. Payment Method 

Seller Stamp Duty (SSD)

SSD is payable if a residential property purchased on or after 20 Feb 2010 and the residential property sold within the holding period.

Date of Sale/ Disposal based on :

Date of execution of Option to Purchase by the buyer to the seller’s offer to sell or

Date of transfer where (1) & (2) are not applicable

I. Rates for SSD (Residential Property)- Between 14 Jan 2011 to 10 Mar 2o17
 

SSD payable rate for property purchased on between 14 Jan 2011 to 10 Mar 2017 (both date inclusive), and sold or disposal within 4 years.

 
Holding Period SSD Rate(selling price/ valuation, whichever higher)          
 1st year / below             16 %

 2nd year / more               12 %
 than 1 year 

 3rd year / more                 8 %
 than 2 years

 4th year / more                 4 %
 than 3 years




II. Rates for SSD (Residential Property)- On 11 Mar 2017 or after 
 

SSD payable rate for property purchased on 11 Mar 2017 or after, and sold or disposal within 3 years.


Holding Period SSD Rate(selling price/ valuation, whichever higher)             
 1st year / below               12 %


 2nd year / more                8 %
 than 1 year 

 3rd year / more                 4 %
than 2 years

Buyer Stamp Duty (BSD)

BSD is payable when you buy or acquire property in Singapore.

Rates for BSD (Residential Property)
 

*BSD payable rate based on purchased price / valuation of the property (whichever is higher)

For property purchase price above $360,000
BSD = (Purchase price/ valuation)* x 3% – $5,400

For property purchase price above $1,000,000
BSD = (Purchase price/ valuation)* x 4% – $15,400

Additional Buyer Stamp Duty (ABSD) remains payable by buyers in addition to BSD for certain buyers profiles.
Click here to see if you need to pay ABSD. 

Additional Buyer Stamp Duty (ABSD)

Date of Purchase/ Acquisition based on :

           Date of execution of the Acceptance to the Option to purchase or
           Date of Sale & Purchase Agreement or

           Date of transfer where (1) & (2) are not applicable 

Rates for ABSD (Residential Property)
 

ABSD payable rate based on purchased price / valuation of the property (whichever is higher)


 

Singapore Citizens

1st Residential Property –   No ABSD payable

2nd Residential Property –  12%

3rd & Subsequent Residential Property – 15%

Singapore Permanent Residents

1st Residential Property –  5%

2nd & Subsequent Residential Property –  15%

Foreigners 

Any Residential Property – 20%

(on buying price/ valuation, whichever higher)

ABSD Rate

Buyer’s Profile*

Entities

Any Residential Property – 25%

Plus additional 5% for housing developer (non-remittable)

*Residency Status of Buyer
In order to enjoy lower ABSD for buyer who has applied for Singapore Citizenship or Singapore Permanent Residency, he MUST have obtained the formal approval from the ICA for that residency 
status as at the date of purchase.

Payment Method

Buyer stamp duties (BSD) and Additional Buyer Stamp Duty (ABSD) can be paid from your CPF Ordinary Account.
This can be in the form of reimbursement, meaning that you first pay up in cash, and receive the amount paid at a later date from your CPF.

For purchase of a property that is still under construction, legal and stamp fees can be paid directly from CPF.

Author:

Cheryl Lum HP: 86661235 / 90228783 CEA: L3002382K / R060546A Email: enquiry@sgpropertytop.com Office:150 Orchard Road, Orchard Plaza #05-32 Singapore 238841