Tax facts: Property taxes and stamp duties

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Property tax is a tax levied on property ownership. The annual tax payable is a percentage of the annual value of the property, which is the gross amount for which the property is expected to be let out in that year.

For owner-occupied residential properties (from 1 January 2024)

Annual Value (AV)	Tax rate (%)
First $8,000	0
Next $22,000	4
Next $10,000	6
Next $15,000	10
Next $15,000	14
Next $15,000	20
Next $15,000	26
AV above $100,000	32

For non-owner occupied residential properties (from 1 January 2024)

These following tax rates apply to non-owner occupied properties except those in the exclusion list.

Annual Value (AV)	Tax rate (%)
First $30,000	12
Next $15,000	20
Next $15,000	28
AV above $60,000	36

Non residential properties

The property tax rate on commercial and industrial buildings is 10% of the annual value.

Buyer’s stamp duty (BSD)

Stamp duty is payable by the buyer on all instruments relating to the conveyance, assignment or transfer of stocks and shares in Singapore companies and immovable properties in Singapore.

Transfers of shares under the scripless trading system on the Singapore Exchange (SGX) are not subject to stamp duty.

Purchase price or market value of the property	Tax rate
Transfer of shares (other than real estate owning entities)	0.2%
Transfer of Singapore real estate (residential properties) on or after 15 February 2023
on first $180,000	1%
on next $180,000	2%
on next $640,000	3%
on next $500,000	4%
on next $1,500,000	5%
amount exceeding $3,000,000	6%

Additional buyer’s stamp duty (ABSD)

For certain transactions involving real estate, buyers are required to pay ABSD on top of the existing 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 higher).

The table below indicates the ABSD rates on or after 27 April 2023.

Profile of buyer	Tax rate
Entities or certain trusts buying any residential property	65%
Housing Developers buying any residential property	35% (+5% non-remittable)
Foreigners buying any residential property	60%
Singapore permanent residents buying first residential property	5%
Singapore permanent residents buying second residential property	30%
Singapore permanent residents buying third and subsequent residential property	35%
Singapore citizens buying first residential property	Not applicable
Singapore citizens buying second residential property	20%
Singapore citizens buying third and subsequent residential property	30%

Seller’s stamp duty (SSD) for residential property

Seller’s stamp duty (SSD) is payable on all residential properties and residential lands that are bought on or after 20 February 2010 and sold within the holding period.