Overview
Property tax and duties in Singapore
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.
Eng Min Lor
Partner - Corporate Tax
Keep up to date with the latest news
Subscribe for timely technical updates and keep on the pulse with industry developments
Related articles
AI in tax: How to make it safe and scalable
TaxAs investment in AI accelerates, expectations rise alongside it, boards and management teams want faster cycle times, better consistency and clearer insight, without creating new categories of risk. For tax functions, that makes it important to be disciplined about where AI is used, how outputs are controlled, and how value is measured beyond early pilots.
AI in tax: What is it?
TaxAI is changing how tax and finance teams research issues, document positions, manage data and deliver work at speed. The opportunity is real, but so are the risks. In tax, where advice must be defensible and outcomes can have regulatory, financial and reputational consequences, organisations need more than powerful tools: they need governance, controls and the right operating model to use AI safely.
ESOP 10 in 10: APAC & Middle East guide
Global mobility solutionsEmployee equity incentives, including ESOPs, stock options, restricted share units and their variants, are now firmly embedded in modern talent strategy. Across sectors and jurisdictions, equity is used not only as a form of remuneration, but as a mechanism to align interests, retain key talent and drive long-term value. The concept of shared ownership is compelling. Delivering on that promise, however, depends on the robustness and coherence of the legal and tax framework supporting these arrangements.
|
3 min read
|
08 May 2026