Stamp Duty
GARDEN . RIVER . LIVING
Launching April 2022
Launching April 2022
Sunday, 24 September 2023
Developer hotline
North Gaia EC Financing Information
Stamp Duty
Buyer’s Stamp Duty (BSD)
Buyer’s Stamp Duty is tax paid on documents signed when you buy or acquire property located in Singapore, levied by the Inland Revenue Authority of Singapore (IRAS).You are required to pay BSD for documents executed for the sale and purchase of property located in Singapore. BSD will be computed on the purchase price as stated in the document to be stamped or market value of the property (whichever is the higher amount).
| Purchase Price or Market Value of the Property | BSD Rates for Residential Properties | BSD Rates for Non-Residential Properties |
|---|---|---|
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Remaining Amount | 4% | 3% |
Calculate your Buyer’s Stamp Duty using our Calculators:
Additional Buyer’s Stamp Duty (ABSD)
Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).More details about the ABSD can be found on the IRAS website.
The following rates are as at 16 Dec 2021:
| Nationality | 1st Property | 2nd Property | 3rd Property |
|---|---|---|---|
| Singapore Citizens | N.A. | 17% | 25% |
| Permanent Residents | 5% | 25% | 30% |
| Foreigners | 30% | 30% | 30% |
| Entities/Companies | 35% | 35% | 35% |
Stamp Duty for North Gaia EC Buyers
For buyers of North Gaia EC,
- Only Buyer’s Stamp Duty is applicable
- There is no need to pay ABSD because buyers need to sell their HDB unit latest within 6 months of the EC TOP