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Stamp Duty

Buyer’s Stamp Duty

Purchase Price or Market Value of the PropertyBSD Rates for Residential PropertiesBSD Rates for Non-Residential Properties
First $180,0001%1%
Next $180,0002%2%
Next $640,0003%3%
Next $500,0004%4%
Next $1,500,0005%5%
Amount exceeding $3,000,0006%5%

IMPORTANT: New BSD rates with effect from 15 Feb 2023.

Additional Buyer’s Stamp Duty

Nationality1st Property2nd Property3rd Property
Singapore CitizensN.A.20%30%
Permanent Residents5%30%35%
Foreigners60%60%60%
Entities / Companies65%65%65%

IMPORTANT: New ABSD rates with effect from 27 Apr 2023.

From 9 May 2022 onwards, any transfer of residential property into a living trust will be subject to an ABSD rate that is the same as entities.  

 

Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs)

Conditions for Remission:

Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:

  1. Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland
  2. Nationals of the United States of America

 

References:

  1. Buyer’s Stamp Duty (BSD) https://www.iras.gov.sg/taxes/stamp-duty/for-property/buying-or-acquiring-property/buyer’s-stamp-duty-(bsd)
  2. Additional Buyer’s Stamp Duty (ABSD) https://www.iras.gov.sg/taxes/stamp-duty/for-property/buying-or-acquiring-property/additional-buyer’s-stamp-duty-(absd)
  3. Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs) https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/foreigners-eligible-for-absd-remission-under-free-trade-agreements-(ftas)
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Welcome to One Draycott!
Hello! Thank you for visiting
💎 One Draycott 💎
Bespoke Luxury in Ardmore Draycott Enclave

⭐️ TOP & CSC Obtained!
⭐️ Immediate Occupancy & Rental!

🏆 Flexible payment scheme available!

1) Deferred Payment Scheme
(Delay completion)
Up to 12 months after exercise.
Best suits purchaser who need longer time to arrange funds

2) Enhanced Exercise Scheme
(Delay Exercise)
Up to 4 months to exercise after booking
Best suits purchaser need time to sell current property

3) Normal Payment Scheme
10wks to completion after booking
Best suits purchaser who need to shift in early
____________________________________

🏆 Prime Residential Address @ D10
🏆 Freehold
🏆 64 exclusive units
🏆 2-bedroom 732 sqft & 797 sqft
🏆 All Units With Private Lift Access

⭐️ Premium Finishing
⭐️ Commissioned by Anna and David Hiscock
⭐️ Bespoke Art Piece At Each Home
⭐️ Handcrafted Wall Installation and Oak Facets at Timber Door
⭐️ Circular Sculpture made of Lucerna Stones

🏆 Brand New ID actual units Ready for Viewing!
🏆 Attractive pricing from $2.330M


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