Seller’s Stamp Duty
Seller’s Stamp Duty is payable on all residential properties and residential lands that are bought on or after 20 Feb 2010 and sold within the holding period.
The Seller’s Stamp Duty (SSD) was first introduced in 2010 and quickly expanded in the same year and the following year as the authorities sought to temper red-hot buying sentiment that drove a sharp housing market rebound after the global financial crisis, as well as encourage prudence among home purchasers
All residential property transactions — including buying, selling and renting property — in Singapore are subject to stamp duty, although there are some exceptions. Stamp duty can add up to quite a hefty sum of money, so be sure to factor in the stamp duty in your financial considerations.
The Seller’s Stamp Duty Liability is determined as follow:
- The date of purchase or acquisition of the residential property
- The date of sale or disposal of the residential property
- Rates applicable
The Rates to be determined as below:
|Date of Purchase /Date of Change of Zoning||Holding Period||SSD Rate (on the actual rpice or market value, whichever is higher|
|Between 14 Jan 2011 and 10 Mar 2017 (all inclusive)||Up to 1 year||16%|
|More than 1 year and up to 2 years||12%|
|More than 2 year and up to 3 years||8%|
|More than 3 year and up to 4 years||4%|
|More than 4 years||No SSD Payable|
|More than 1 year and up to 2 years||0|
|On and after 11 Mar 2017||Up to 1 year||12%|
|More than 1 year and up to 2 years||8%|
|More than 2 year and up to 3 years||4%|
|More than 4 years||No SSD Payable|
Rates and Computation
Seller’s Stamp Duty (SSD) is based on the purchase price or market value of property, whichever is higher. SSD payable will be rounded off to the nearest dollar
Where parts of the property was acquired by the vendor at different times, the holding period for each part acquired will be computed from the respective acquisition date.
Where the sale or disposal comprises only a partial interest in the residential property, SSD payable will be based on the higher of the selling price or market value of the partial interest.
Seller’s Stamp Duty (SSD) Exceptions and remissions:
Those who are exempt from the SSD include:
- Residential property owners whose properties are acquired by the Government under the Land Acquisitions Act
- Individuals who are required to dispose of their properties as a result of bankruptcy
- Companies who dispose of their properties upon involuntary winding up
- Foreigners who are selling their residential properties under the Residential Properties Act
- Individuals who return their flats to HDB as a result of re-possession or the Selective Enbloc Redevelopment Scheme (SERS)
- Individuals who inherits an HDB flat, but is required by HDB to dispose of the flat
- Individuals who own an HDB flat, and upon marrying a person who owns another HDB flat, is required by HDB regulations to dispose of either one of the flats
It is important to only engage the Official Direct Developer Sales Team to assist you. There are several complex procedures and key factors to consider before committing to purchase a unit. Rest assured that all our representatives are certified, well-trained and committed to deliver. By engaging the Official Direct Developer Sales Team, you will also enjoy the best possible direct developer price. There is no commission required to be paid.
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