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.