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Buyer Stamp Duty
PURCHASE PRICE
RATES FOR RESIDENTIAL
RATES FOR COMMERCIAL
First $180,000
1%
1%
Next $180,000
2%
2%
Next $640,000
3%
3%
Remaining
4%
-
Additional Buyer Stamp Duty
NATIONALITY
1ST
2ND
3RD
Singaporeans
-
12%
15%
PR
5%
15%
15%
Foreigners
20%
20%
20%
Companies
25%
25%
25%
Payment Scheme
Known as Progressive Payment Scheme, this allows you to service your loan with the instalments monthly progressively stage by stage as the property is being built.
PAYMENT STAGES
% OF PAYMENT SCHEME
Upon the grant of Option to Purchase
5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date
20% less Booking Fee
Completion of foundation work
10%
Completion of reinforced concrete framework of unit
10%
Completion of partition walls of unit
5%
Completion of roofing/ceiling of unit
5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit
5%
Completion of car park, roads and drains serving the housing project
5%
Notice of Vacant Possession (TOP)
5%
On Completion date
5%
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