Lastest Changes to Buyer Stamp Duties

On 14 February 2023, the Singapore Government announced an increase in the Buyer’s Stamp Duty (BSD) rates in an effort to cool the property market. The changes are set out in the table below:-

A shorter way to calculate the BSD is shown below:-

Thereafter, a further cooling measure was introduced on 26 April 2023. The Additional Buyer’s Stamp Duty was increased.

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