At the time of this writing, a Seller Stamp Duty (SSD) is applicable for the below situations:

(1)    If you property is bought between 30 August 2010 to 12 January 2011, the following SSD applies:

  • 3% of price or market value if the property is sold within the first year.
  • 2% of price or market value if the property is sold within the second year.
  • 1% of price or market value if the property is sold within the third year.
  • No SSD when the property is sold after a holding period of three years.

(2)   If your property is bought on or after 13 January 2011, the following SSD applies:

  • 16% of price or market value if the property is sold within the first year.
  • 12% of price or market value if the property is sold within the second year.
  • 8% of price or market value if the property is sold within the third year.
  • 4% of price or market value if the property is sold within the fourth year.
  • No SSD when the property is sold after a holding period of four years.

By Eileen Tan and Ui Wei Teck, property investors and authors of Enjoying Mid-Life Without Crisis. This tip and dozens more are from their book.

 

 

Join Our Weekly Newsletter

“What you must know before buying Singapore property…”

Sign up to get our free weekly newsletter with the best ideas and market updates from Singapore property experts, property transaction data and deals. Enter your email below to get our FREE Beginner's Guide and Property Buyer’s Checklist as a bonus. Save yourself thousands of dollars and lots of heartache!

Thanks for signing up! Please check your email to download your reports.