Stamp Duties & Housing Loan

Stamp Duty is the tax levied on legal documents, usually in the transfer of assets or property. Based on the Singapore Property Launch, here’s a useful guide that shows the stamp duty rates and housing loan* for residential properties.

BSD

Purchase Price $360,000 UP TO $1 million:BSD = (3% x Purchase Price) – $5,400

Purchase Price ABOVE $1 million: BSD = (4% x Purchase Price) – $15,400

ABSD

1st Residential Property:

SC = 0%; SPR = 5%, FR = 20%

2nd Residential Property:

SC = 12%; SPR = 15%, FR = 20%

3rd Residential Property Onwards:

SC = 15%; SPR = 15%; FR = 20%

SSD

Purchased on 14 Jan 2011 TO 10 Mar 2017 (4 Years Holding Period):
Year 1 = 16%; Year 2 = 12%; Year 3 = 8%; Year 4 = 4%

Purchased on 11 Mar 2017 ONWARDS (3 Years Holding Period):
Year 1 = 12%; Year 2= 8%; Year 3 = 4%

1st Housing Loan2nd Housing Loan3rd Housing Loan Onwards

Loan Tenure

Up to 30 Years

31-35 Years

Up to 30 Years

31-35 Years

Up to 30 Years

31-35 Years

Age + Loan Tenure

Up to 65 Years

65 Years

Up to 65 Years

65 Years

Up to 65 Years

65 Years

Loan-to-Value

(LTV)

75%

55%

55%

45%

25%

25%

35%

15%

15%

Mandatory Cash

5%

10%

10%

25%

25%

25%

25%

25%

25%

CPF / Cash

20%

35%

35%

30%

50%

50%

40%

60%

60%

  • 80% LTV is allowable for owners of HDB flats (with outstanding loan) upgrading to new ECs (purchased from developers) or buying another HDB flat; provided borrower does not have other loan to his name & he is providing a Letter of Undertaking to Sell his HDB flat to the bank
  • ABSD Remission for a SC household purchasing a HDB flat or new EC (apply through HDB)
  • ABSD Refund for Singaporean Married Couples on purchase of 2nd residential property; provided the 1st property is sold within 6 months from the purchase date of the 2nd property (completed property) or TOP/CSC (whichever earlier) (uncompleted property). Application is through the Commissioner of Stamp Duties

To learn more about stamp duties and how they may play a part in property tax, click here

*Updated 20th February 2018