Issue 307

Copyright 2011-2016 www.propwise.sg. All Rights Reserved.

 CONTENTS FROM THE

p2 What is Buyer Stamp Duty and Additional

EDITOR
Welcome to the 307th edition of the
Singapore Property Weekly.
Buyer Stamp Duty (ABSD)?
Hope you like it!
p6 Resale Property Transactions
Mr. Propwise
(April 3 April 4)

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 SINGAPORE PROPERTY WEEKLY Issue 307

What is Buyer Stamp Duty and Additional Buyer

Stamp Duty (ABSD)?

By PropertyNet.SG (guest contributor)

Stamp duty is a tax on documents relating to

the purchase or lease of a property. It is to be
paid by the buyer within 14 days after the
date of the document (e.g. Sale & Purchase
Agreement, Tenancy Agreement) if the
document is signed in Singapore. If the
document is signed overseas, it has to be
paid within 30 days after the date of its receipt
in Singapore.

It is an offence to use a document for which

Stamp Duty has not been paid on.

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 SINGAPORE PROPERTY WEEKLY Issue 307

It is also important to note that only a Calculation of Buyers Stamp Duty:

document where Stamp Duty is paid can be
PAYMENT SCHEDULE OF STAMP DUTY
admitted as evidence in the court in cases of
disagreements. More details can be found
here: IRAS: What is Stamp Duty?

So what is Buyers Stamp Duty?

Buyers Stamp Duty is tax paid on the

acceptance of the Option to Purchase (OTP)
or Sale and Purchase Agreements (S&P).
These documents are prepared and signed
when you buy or sell your property. Stamp
So what is Additional Buyers Stamp
Duty is payable on the actual price or market
Duty?
price, whichever is higher. The buyer is
responsible for paying Buyers Stamp Duty. Additional Buyers Stamp Duty (ABSD) was
Where Sellers Stamp Duty is applicable, the first introduced on 7 December 2011 to cool
seller is responsible for paying Sellers Stamp the residential market and was revised
Duty. upwards on 12 Jan 2013 due to the further
acceleration in the escalation of the price of
residential properties.

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 SINGAPORE PROPERTY WEEKLY Issue 307
ABSD is to be paid by certain groups of
people who buy or acquire residential
properties (including residential land) on top
of the existing Buyers Stamp Duty (BSD),
and is applicable as follows:
The above table is meant for straightforward
cases. Where the buying group consists of
foreigners who fall under a Free Trade
Agreement, they may be accorded the same
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treatment as Singapore citizens. If the buying
group is made up of Singapore Citizens and
Singapore Permanent Residents, a different
treatment will be given. As there are many
iterations, we wouldnt be able to list them
here. You may visit IRAS: Computation of
ABSD for details or contact IRAS Hotline at
(+65) 6351 3697, for assistance. For straight
forward cases, you may use our partners
ABSD calculator to estimate the amount of
ABSD you are required to pay for your next
property purchase.
Case Study on Computation of Total
Buyers Stamp Duty
Lastly, heres a case study for the
computation of BSD and ABSD. Assume a
foreigner buys a condominium at a market
price of $2 million.
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 SINGAPORE PROPERTY WEEKLY Issue 307

The ABSD rate of 15% will apply to this We do hope this article will help you have a
particular buyer. better understanding of the stamp duty. If you
have any questions regarding stamp duty
Computation of BSD:
or buying a Singapore Property, feel free to
contact us at hello@propertynet.sg.

Article by guest contributor

PropertyNet.SG. PropertyNet.SG is your
trusted network to Singapore Real Estate,
providing you with unrestricted access to
Project Information like Price, Availability,
Floor Plans, etc. and connecting you directly
to the official developer sales team. They are
also a believer in empowering property
buyers through education by sharing of
Computation of ABSD:
property guides and tips to help them make a
ABSD Payable: 15% on $2,000,000 = well-informed decision.
$300,000

Total Stamp Duty Payable = $54,600 +

$300,000 = $354,600

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 SINGAPORE PROPERTY WEEKLY Issue 307
Non-Landed Residential Resale Property Transactions for the Week of Apr 3 Apr 4

Postal Area Transacted Price Postal Area Transacted Price

Project Name Tenure Project Name Tenure
District (sqft) Price ($) ($ psf) District (sqft) Price ($) ($ psf)
1 THE CLIFT 527 980,000 1,858 99 15 THE ESTA 1,345 1,760,000 1,308 FH
1 THE SAIL @ MARINA BAY 678 1,238,000 1,826 99 15 SANCTUARY GREEN 775 900,000 1,161 99
2 ICON 581 1,070,000 1,841 99 15 BLU CORAL 3,423 2,358,000 689 FH
4 HARBOURLIGHTS 764 1,052,000 1,377 FH 16 SUNHAVEN 1,259 1,130,000 897 FH
4 THE PEARL @ MOUNT FABER 1,173 1,290,000 1,099 99 17 BLUWATERS 2 872 830,000 952 946
4 TERESA VILLE 1,356 1,380,000 1,018 FH 17 ESTELLA GARDENS 657 575,000 876 FH
8 STUDIOS @ MARNE 506 639,888 1,265 FH 18 LIVIA 1,604 1,110,000 692 99
8 PRISTINE HEIGHTS 850 1,070,000 1,258 FH 19 THE QUARTZ 1,044 955,000 915 99
9 NOMU 603 1,200,000 1,991 FH 20 THE GARDENS AT BISHAN 1,227 1,260,000 1,027 99
9 ROBERTSON 100 883 1,500,000 1,699 FH 21 FLORIDIAN 1,658 2,600,000 1,568 FH
10 JUNIPER AT ARDMORE 3,520 7,000,000 1,989 FH 21 SPRINGDALE CONDOMINIUM 1,119 1,300,000 1,161 999
10 LEEDON RESIDENCE 6,125 12,000,000 1,959 FH 21 GOODLUCK GARDEN 1,701 1,530,000 900 FH
10 BOTANIC GARDENS VIEW 1,259 2,000,000 1,588 FH 23 HAZEL PARK CONDOMINIUM 1,335 1,360,000 1,019 999
10 PARVIS 1,701 2,700,000 1,588 FH
10 BOTANIKA 3,294 5,200,000 1,579 FH
10 SIXTH AVENUE VILLE 1,550 2,218,000 1,431 FH NOTE: This data only covers non-landed residential resale property
10 HOLLAND PEAK 2,594 3,700,000 1,426 FH transactions with caveats lodged with the Singapore Land Authority.
10 TANGLIN REGENCY 980 1,220,000 1,246 99 Typically, caveats are lodged at least 2-3 weeks after a purchaser
11 TRILIGHT 1,087 1,968,888 1,811 FH signs an OTP, hence the lagged nature of the data.
12 RIVERBAY 753 955,000 1,267 999
12 CASA FORTUNA 1,044 1,100,000 1,054 FH
14 THE CENTREN 980 1,190,000 1,215 FH
14 CASSIA VIEW 1,152 1,060,000 920 FH
15 ESPIRA SUITES 484 680,000 1,404 FH

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