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Stamp Duty

Buyer’s Stamp Duty (BSD)

Buyer Stamp Duty is computed based on the purchase price or market value of the property, whichever is higher.

Prior to 20 Feb 2018, the Buyer Stamp Duty rate was up to 3%. With effect from 20 Feb 2018, there are differentiated Buyer Stamp Duty rates between residential and non-residential properties. The Buyer Stamp Duty rate for acquisition of residential properties on or after 20 Feb 2018 is up to 4%.

Purchase Price or Market Value of the PropertyBSD Rates for Residential PropertiesBSD Rates for Non-Residential Properties
First $180,0001%1%
Next $180,0002%2%
Next $640,0003%3%
Remaining Amount4%

Additional Buyer’s Stamp Duty (ABSD)

Liable buyers are required to pay Aditional Buyer’s Stamp Duty (ABSD) on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price or the market value of the property (whichever is the higher amount).

The ABSD liability will depend on the profile of the buyer:
A. Whether the buyer is an individual or an entity
B. The residency status of the buyer and
C. The count of residential properties owned by the buyer

Do check with our Sales Representative for more details on your applicable ABSD rates and ABSD remission/ refund eligibility. Buyer’s Stamp Duty and Additional Buyer’s Stamp Duty are payable to IRAS and it applies for Irwell Bank Road new launch and all other new launches/ property purchases.

Nationality1st Property2nd Property3rd Property Onwards
Singapore CitizenN.A12%15%
Permanent Residents5%15%15%
Entities/ Companies25%25%25%

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