Stamp Duty - at a glance
Buyer's Stamp Duty
Purchase Price or Market Value of Residential Property | BSD Rates (on or after 15 Feb 2023) |
---|---|
First S$180,000 | 1% |
Next S$180,000 | 2% |
Next S$640,000 | 3% |
Next S$500,000 | 4% |
Next S$1,500,000 | 5% |
Amount Exceeding S$3,000,000 | 6% |
Additional Buyer's Stamp Duty
Profile of Buyer | 1st Residential Property | 2nd Residential Property | 3rd and Subsequent Residential Property |
---|---|---|---|
Singapore Citizens | 0% | 20% | 30% |
Permanent Residents | 5% | 30% | 35% |
Foreigners | 60% | 60% | 60% |
Entities | 65% | 65% | 65% |
Housing Developers | 35% (remittable subject to conditions) + 5% (non remittable) | 35% (remittable subject to conditions) + 5% (non remittable) | 35% (remittable subject to conditions) + 5% (non remittable) |
Trustee | 65% | 65% | 65% |
MOF | Press Releases – Table 1
Remission on ABSD
Married Couple with Mixed Citizenship e.g. SC + SPR, SC + F
Full ABSD remission may be applicable to a married couple who purchase a residential property jointly. The couple must include a Singapore Citizen (SC) spouse and the property must be purchased under both names of the couple only. In addition, both the spouses must not own any residential property. Please refer to www.iras.gov.sg for more information.
Foreigners under Free Trade Agreements (FTAs)
Same treatment as Singapore Citizens will be accorded but need to apply. They refer to Nationals or Permanent Residents of Switzerland, Liechtenstein, Iceland or Norway, and Nationals of United States of America.
Refund on ABSD
Joint Purchase of 2nd Residential Property by Married Couple
A married couple with at least one SC spouse is eligible for ABSD refund on their second property if they sell their first property within 6 months* after the date of purchase/TOP/CSC, whichever is applicable.
^Important: Please note that the 6-month sale timeline (including other conditions for this refund which you may refer to
www.iras.gov.sg for the complete list) must be adhered to. The refund application will be rejected if any of the conditions are not met.
Seller's Stamp Duty
Date of Purchase | Holding Period | SSD Rate (on the actual price or market value, whichever is higher) |
---|---|---|
On or after 11 Mar 2017 | Up to 1 year | 12% |
More than 1 year and up to 2 years | 8% | |
More than 2 years and up to 3 years | 4% | |
More than 3 years | No SSD payable |
Loan To Value

Total Debt Servicing Ratio
Any individual applying for a loan to purchase a property or a loan secured by a property is subject to Total Debt Servicing Ratio (TDSR) rules.
TDSR threshold for property loans is set at a maximum of 55% of the borrower’s monthly income. Monthly debt obligations count towards this threshold. Exceptions exists for certain situations.
TDSR Formula = (Borrower’s monthly total debt obligations / Borrower’s gross monthly income) x100
Monthly debt obligations include:
- Property-related loans, including the loan being applied for.
- Car loans.
- Student loans.
- Renovation loans.
- Credit card loans.
- Any other secured or unsecured loans, including revolving loans.
Gross monthly income refers to the borrower’s monthly income before tax, and excludes any CPF contribution made by the employer. It includes the following and these are subject to appropriate hair cut
- variable income (e.g. commission, bonus, allowance)
- rental income (with remaining rental period of at least 6 months)
- income stream from eligible financial assets (e.g deposits, stocks, structured deposits)
When calculating the monthly debt obligation for the loan being applied, the interest rate to apply is not less than 4% or the prevailing market interest rate, whichever is higher. This helps ensure that borrowers are not overextended in their property purchases and are able to continue servicing their monthly repayments even when interest rates increase.