The Singapore government has just announced an increase in the top marginal rates for Buyer’s Stamp Duty (BSD) for both residential and non-residential properties to improve the current stamp duty policy.
- For residential properties, the portion of the value in excess of S$1.5 million up to S$3 million will be taxed at 5%; for properties valued over S$3 million, the Buyer’s Stamp Duty will be increased from the current 4% to 6%.
- For non-residential properties, the portion of the value in excess of S$1 million up to S$1.5 million will be taxed at 4%; for properties valued over S$1.5 million, the Buyer’s Stamp Duty will be increased from the current 3% to 5%.
- The revised Buyer’s Stamp Duty (BSD) rates will apply to all properties acquired on or after February 15, 2023
Comparison of Top Marginal Buyer’s Stamp Duty (BSD) Rates Before and After Revision
| Property Purchase Price or Market Value | Top Marginal BSD Rate | |||
| Residential Properties | Non-Residential Properties | |||
| On or before Feb 14, 2023 | On or after Feb 15, 2023 | On or before Feb 14, 2023 | On or after Feb 15, 2023 | |
| Up to S$180,000 | 1% | 1% | 1% | 1% |
| S$180k – S$360k | 2% | 2% | 2% | 2% |
| S$360k – S$1 million | 3% | 3% | 3% | 3% |
| S$1 million – S$1.5 million | 4% | 4% | 4% | |
| S$1.5 million – S$3 million | 5% | 5% | ||
| Over S$3 million | 6% | |||
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