Previously if you were to purchase industrial properties before 12th of January 2013, there was no Seller Stamp Duty or SSD applicable for industrial properties in Singapore.
However, if you were to purchase your industrial property on or after 12th of January 2013 and sell off your industrial property within the first three years, seller stamp duty would be applicable for industrial properties.
Industrial Property Seller Stamp Duty Rates
For industrial properties purchased on or after 12th of January 2013, the seller stamp duty rates are as follows :
- Sell within 1st year – 15%
- Sell after 1st year but within 2 years – 10%
- Sell after 2nd year but within 3 years – 5%
- Sell after 3rd year – No Seller Stamp Duty applicable
Commercial Property Seller Stamp Duty Rates
As for commercial properties in Singapore, seller stamp duty is presently not applicable regardless of when the property is purchased or sold. Some examples of commercial properties would be commercial offices, commercial shophouses, retail shops, medical suites or hotels.
Residential Property Seller Stamp Duty Rates
For residential properties in Singapore, if the purchase was before 11th of March 2017, the seller stamp duty rates were different.
However, if you were to purchase your residential property on or after 11 March 2017, the seller stamp duty rates are as follows :
- Sell within 1st year – 12%
- Sell after 1st year but within 2 years – 8%
- Sell after 2nd year but within 3 years – 4%
- Sell after 3rd year – No Seller Stamp Duty applicable
By understanding the various seller stamp duty rates, you will be better informed when making any purchases be it industrial, commercial or residential properties. It is always advisable to exercise financial prudence with any form of investments whether investing in real estate or investing in any other types of investments.
You may also note that the buyer stamp duty amount for industrial & commercial properties may differ from the buyer stamp duty amount for residential properties.