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Singapore
Property Tax Rates
savills.com.sg
Rudy Tedja(+65) 9686 9943Eileen Tang(+65) 9003 7310
Buyer’s Stamp Duty & Additional Buyer’s Stamp Duty
| On or after 15 Feb 2023 | ||
| Purchase price or market value of the property | BSD rates for residential properties | BSD rates for non-residential properties |
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Next $500,000 | 4% | 4% |
| Next $1,500,000 | 5% | 5% |
| Remaining amount | 6% | |
Stamp Duty needs to be paid once the document is signed: Within 14 days after signing the document if it is signed in Singapore or Within 30 days after the date of its receipt in Singapore if the document is signed overseas.
Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs)
Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:
- • Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland
- • Nationals of the United States of America
Annual Property Tax
Property tax payable yearly = Annual Value X Tax Rate. However, the property tax payable may be lower if you are eligible for owner’s tax rates or any tax concession or relief. The Progressive owner occupier’s tax rate as follows:
Residential Tax Rates (Non-Owner Occupied Residential Properties)
| Non-Owner Occupied Tax Rates | ||
| Annual Value($) | Effective 1 Jan 2024 | Property Tax Payable |
First 30,000 Next $15,000 |
12% 30% |
$3,600 $3,000 |
First $45,000 Next $15,000 |
- 28% |
$6,600 $4,200 |
First $60,000 Next $60,000 |
- 36% |
$10,800 |
Residential Tax Rates (Owner-Occupied Residential Properties)
| Owner-Occupier Tax Rates | ||
| Annual Value($) | Effective 1 Jan 2024 | Property Tax Payable |
First $8,000 Next $22,000 |
0% 4% |
$0 $880 |
First $30,000 Next $10,000 |
- 6% |
$880 $600 |
First $40,000 Next $15,000 |
- 10% |
$1,480 $1,500 |
First $55,000 Next $15,000 |
- 14% |
$2,980 $2,100 |
First $70,000 Next $15,000 |
- 20% |
$5,080 $3,000 |
First $85,000 Next $15,000 |
- 26% |
$8,080 $3,900 |
First $100,000 Next $100,000 |
- 32% |
$11,980 |
Rental Income
If you are a non-resident in Singapore, your net rental income will be taxed at the prevailing non-resident rate of 22%
Seller’s Stamp Duty
The SSD rates will be imposed on residential properties which are acquired (or purchased) on or after 11 Mar 2017 and disposed of (or sold) within 3 years of acquisition, as follow:
Holding period: 1 year – 12 %, 2 years – 8%, 3 years – 4%, More than 3 years – No SSD payable
Disclaimer: Subject to Contract and availability: This document is prepared by Savills for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change and these particulars do not constitute, nor constitute part of, an offer or contract; interested parties should not rely on the statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy. No person in the employment of the agent or the agent’s principal has any authority to make any representations or warranties whatsoever in relation to these particulars and Savills cannot be held responsible for any liability whatsoever or for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.
