As we know, for any purchase of properties in Singapore, buyer stamp duty or BSD is applicable. While the buyer stamp duty rate for residential property has been revised for properties above 1 million, the buyer stamp duty for industrial and commercial properties remains the same.
Industrial & Commercial Property Stamp Duty
For industrial and commercial properties, buyer stamp duty is calculated as follows :
1st S$180k 1%
Next S$180k 2%
Next S$640k 3%
Next S$500k 4%
Remaining Amount 5%
The buyer stamp duty is based on the purchase price or market value, whichever is the higher amount.
Residential Property Stamp Duty
For residential properties, the buyer stamp duty is calculated as follows :
1st S$180k 1%
Next S$180k 2%
Next S$640k 3%
Next S$500k 4%
Next S$1.5million 5%
Remaining Amount 6%