The Singapore Government has recently tweaked its Seller’s Stamp Duty (SSD) policy by reducing the stamp duty rates and holding periods. With effect from 11 March 2017 (this date included), SSD has been revised accordingly:

For Purchase or Acquisition of Residential Property on or after 11 March 2017, the revised SSD rates if the holding period is

  • Up to 1 year – 12% (previously 16%)
  • More than 1 year and up to 2 years – 8% (previously 12%)
  • More than 2 years and up to 3 years – 4% (previously 8%)
  • More than 3 years – No SSD payable (previously 4% for 3 to 4 years’ period)

There is no change in the Additional Buyer’s Stamp Duty (ABSD) rules.