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Thread: Stamp Duty

  1. #1
    Join Date
    Jan 2008
    Posts
    219

    Default Stamp Duty

    is there a difference in the stamp duty rate with a singaporean and a foreigner when buying a property.

  2. #2

    Default

    Quote Originally Posted by lion View Post
    is there a difference in the stamp duty rate with a singaporean and a foreigner when buying a property.
    May be. i m not sure about it. because i m Indian that's why i can't help it...

  3. #3
    Join Date
    Feb 2012
    Location
    Chicago, IL
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    6

    Default

    Quote Originally Posted by lion View Post
    is there a difference in the stamp duty rate with a singaporean and a foreigner when buying a property.
    I think definitely there will be a difference in stamp duty for a foreigner as compared to Singapore citizen..!!

  4. #4
    Join Date
    Jan 2007
    Posts
    106

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    It was the same until the government's new measures a few months back. Foreigners now have to pay an additional stamp duty of 10% on top of the original tiered 3% (1st $180,000 at 1%, next $180,000 at 2%, above $360,000 at 3%).

  5. #5
    Join Date
    Feb 2008
    Posts
    393

    Default

    As a guide Stamp Duty calculation has a formula, assuming property purchase is above $360,000, the formulae is

    3% of the purchase price less $5400
    .

    As a Singaporean:

    if you buy your 1st and 2nd property - stamp duty will be base on the above formulae.
    if you buy your 3rd property - stamp duty will be base on the above formula plus 3%.

    As a PR:
    if you buy your first property - stamp duty will be base on the above formulae.
    if you buy your second property - stamp duty will be base on the above formulae plus 3%.

    As a foreigner :
    if you buy your first property or any no - stamp duty will be base on the above formulae plus 10%

  6. #6
    Join Date
    Jan 2007
    Posts
    541

    Default

    You can also use this calculator to calculate your stamp fees

    http://www.myhousingloan.com.sg/hous...calculator.php

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