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- Buyer’s Stamp Duty（BSD）
- Additional Buyer’s Stamp Duty (ABSD)
- Mortgage Duty
Buyer’s Stamp Duty (BSD)
You will need to pay BSD for documents executed to buy or sell property in Singapore. BSD will be calculated based on the purchase price or the market value of the property (whichever is higher) as stated in the document to be stamped.
If the benefit is stated in the document to be stamped and is a cash discount (ie cash, dateless cashier’s check or check) that is given to the buyer when the document is executed, not later Deduct from the purchase price to determine the amount of consideration used for stamp duty purposes. The premise is that the net price still reflects the market value.
If the documents to be stamped provide for non-cash benefits (such as furniture vouchers, rental guarantees, cars or lucky draws), the value of that benefit cannot be deducted from the purchase price for stamp duty purposes.
If a cash or non-cash benefit is not specified in the document to be stamped, the value of the benefit cannot be deducted from the purchase price for stamp duty.
The first executed instrument related to the sale will be levied ad valorem tax (ie full duty). Subsequent documents related to the same sales transaction are not liable for stamp duty.
BSD is calculated based on the purchase price or market value of the property, whichever is higher.
Before February 20, 2018, the BSD rate was as high as 3%. Beginning February 20, 2018, BSD rates for residential and non-residential properties will differ. The BSD rate for residential property purchases on or after February 20, 2018 is as high as 4%.
| Starting February 20, 2018 | ||
| Purchase price or market value of the property | Residential buyer stamp duty rate | Non-residential buyer’s stamp duty rate |
| First $ 180,000 | 1% | 1% |
| After $ 180,000 | 2% | 2% |
| After $ 640,000 | 3% | 3% |
| Residual value | 4% | |
| BSD is rounded to the nearest SGD, but the minimum tax is SGD1. | ||
Example: The price of an apartment unit purchased on March 30, 2018 is $ 2,500,550, reflecting the market value
| Property market value | Buyer’s stamp duty rate | Calculation |
| First $ 180,000 | 1% | = $ 1800 (1% x $ 180,000) |
| After $ 180,000 | 2% | = $ 3600 (2% x $ 180,000) |
| After $ 640,000 | 3% | = $ 19,200 (3% x $ 640,000) |
| $ 1,500,550 left | 4% | = $ 60,022 (4% x $ 1,500,550) |
| Buyer’s stamp duty payable | = $ 84,622 | |
Additional Buyer Stamp Duty (ABSD)
The responsible buyer is required to pay ABSD on top of the existing buyer’s stamp duty (BSD). ABSD and BSD are calculated based on the purchase price or market value of the property (whichever is greater) as stated in the taxable documents.
The ABSD rate has been adjusted on July 6, 2018. You can refer to the attached ABSD fact sheet for more details on the adjusted ABSD rates and ABSD deductions for purchasing residential properties during the transition period.
| Buyer status | Additional buyer’s stamp duty rate after July 6, 2018 |
| Singapore citizen’s first home | no |
| Singapore citizen second home | 12% |
| Singapore citizen third home and above | 15% |
| Singapore’s first permanent residence | 5% |
| Singapore Permanent Resident Second Home and Above | 15% |
| Foreigners buying homes | 20% |
| Company buying a home | 25% |
| Home developer plus 5% #(Not exempt)
|
Home loan rules
The following is a summary of the new home loan ceiling rules.
| rule | Description |
| Loan term | · 30 years (government HDB)35 years (non-HDB real estate) |
| Loan ratioLoan-to-Value (LTV) | According to the term of the loan, the age of the borrower, the existing loan of the borrower and whether the borrower is a shell company, the maximum amount that an individual can borrow for a home loan |
| Mortgage Service Ratio (MSR) | Less than 30% of the borrower’s total monthly income should be used to repay all of their property loans, including loans being applied for.Only applicable to HDB and EC purchases. |
| Total debt service ratio (TDSR) | No more than 60% of the borrower’s total monthly income will be used to repay all its debts, including the loan requested. |
| First Home Loan | Second home loan | Third home and above loans | |
| Personal borrower | |||
| Loan ratio limit | 75%; 55% if loan term exceeds 30 years * or 65 years | 45%; 25% if loan term is over 30 years * or over 65 years of age | 35%; 15% if loan term exceeds 30 years * or 65 years |
| Minimum cash down payment ratio | 5%; 10% if loan term exceeds 30 years * or 65 years of age | 25% | |
| Non-personal borrower | |||
| Loan ratio limit | 15% | ||
| * If you purchased a government HDB in 25 years | |||
房屋贷款规则
以下是新住房贷款最高限额规则的摘要。
| 规则 | 说明 |
| 贷款期限 | · 30年（政府组屋） · 35年（非组屋房产） |
| 贷款比例 Loan-to-Value (LTV) | 根据贷款期限，借款人的年龄，借款人现有的贷款以及借款人是否为空壳公司，个人可以为住房贷款借款的最高金额。 |
| 抵押服务比率（MSR） | 借款人每月总收入的30％以下应用于偿还其所有财产贷款，包括正在申请的贷款。 仅适用于组屋和EC的购买。 |
| 总债务还本付息率（TDSR） | 不得超过借款人每月总收入的60％用于偿还其所有债务，包括所申请的贷款。 |
| 首套房贷款 | 第二套房贷款 | 第三套房及以上贷款 | |
| 个人借款人 | |||
| 贷款比例限制 | 75％； 如果贷款期限超过30年*或超过65岁，则为55％ | 45％; 如果贷款期限超过30年*或超过65岁，则为25％ | 35％； 如果贷款期限超过30年*或超过65岁，则为15％ |
| 最少现金首付比例 | 5％； 如果贷款期限超过30年*或超过65岁，则为10％ | 25% | |
| 非个人借款人 | |||
| 贷款比例限制 | 15% | ||
| *25年如果购买的是政府组屋 | |||
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新加坡福智霖集团有限公司
Singapore FOZL Group Pte. Ltd.
新加坡会计与企业管制局持牌的企业顾问事务所
注册新加坡公司 年审 财税
商标注册 企业顾问 服务式办公室
6 Raffles Quay，#14-02， #14-06， Singapore 048580
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