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What are BSD, ABSD and SSD?

In property there are so many lingos used around.

These are the 3 common terms used as these are the ones that hurts buyers and sellers the most. The Government introduced these cooling measures to curb property market speculations.

Buyers Stamp Duty or BSD

BSD is tax paid on the acceptance of Option to Purchase (OTP) / Sale & Purchase Agreements (S&P). These are documents that are prepared and signed when you buy or sell your property. Stamp Duty is payable on the actual price or market price whichever is higher.

You will be charged 1% for the first $180,000, 2% for the next $180,000, 3% for the next $640,000, and 4% for the remaining amount.

Purchase / Market Value whichever higher BSD rates for Residential BSD rates for non-residential
1st $180,000 1% 1%
Next $180,000 2% 2%
Next $640,000 3% 3%
Remaining Amount 4% 3%

Additional Buyers Stamp Duty or ABSD

ABSD is to be paid by certain groups of people who buy or acquire residential properties. Below is the rates for ABSD.

For Singapore Citizens, they will be charged 12% for the second property purchase and 15% for the third & subsequent property purchase.

For Singapore Permanent Residents, they will be charged 5% for the first property purchase and 15% for the second & subsequent property purchase.

For foreigners, they will be charged 20% for each property purchase. Do note that ABSD is on top of BSD.

Special Cases

Under the Free Trade Agreements, people of the following countries will have the same Stamp Duty treatment as Singapore Citizens:

  • Nationals and Permanent Residents of Iceland
  • Nationals and Permanent Liechtenstein
  • Nationals and Permanent Norway
  • Nationals and Permanent Switzerland
  • Nationals of the United States of America
ABSD rate 1st property 2nd pro
perty
3rd and subsequent property
Singaporeans 0% 12% 15%
Permanent residents 5% 15% 15%
Foreigners 25% 25% 25%

Sellers Stamp Duty or SSD

The rates of SSD payable on residential property that were sold within a certain duration. There are 2 recent changes in the SSD rates: before 10 March 2017 and after 10 March 2017.

Before 10 March 2017

How long you held your property for? SSD rates
Less than 1 year 16%
Between 1 year to 2 years 12%
Between 2 years to 3 years 8%
Between 3 years to 4 years 4%
More than 4 years 0%

After 10 March 2017

How long you held your property for? SSD rates
Less than 1 year 12%
Between 1 to 2 years 8%
Between 2 to 3 years 4%
More than 3 years 0%

Do note that stamp duties must be paid within 14 days after the sale and purchase agreement is signed.

Andik Imran

Engage an agent who serves, not sells

ANDIK IMRAN | BSc Business
CEA Reg No: R061801F

andikimran@realestatedad.sg
9450 8732
PropNex Realty Pte Ltd