Key Regulations Buyers and Seller Should Note

Before you buy or sell, these are the KEY REGULATIONS that may affect you. See what the Duties payable and which regulations affect how much you can borrow from the banks to finance your purchase. However, this guide is by no means exhaustive, please consult with the banks directly or call us for a no-obligation professional consultation before you buy or sell.


Buyer's Stamp Duty - Applies to ALL buyers
Buyer Stamp Duty – BSD
Last revised & effective from 20 Feb 2018

BSD is payable on the acquisition of immovable properties, based on the higher of the consideration or market value.

Purchase Price BSD Rate
First $180,000 1%
Next $180,000 2%
Next $640,000 3%
Exceeding $1M 4%


Refer to IRAS website.

Additional Buyer's Stamp Duties - Applies to All buyers except First Time Singaporean Citizen buyer.
The ABSD is a tax payable by buyers of residential properties on top of the buyer stamp duty. The taxable amount is dependent on the buyer’s citizenship and the number of residential properties that the buyer currently owns.

Singapore Citizen Singaporean Permanant Residents Foreigners or Non Individuals
1st Property 0 5 15
2nd Property 7 10 15
3rd property and beyond 10 10 15

Citizens of the USA, Switzerland, Liechtenstein, Norway and Iceland will be treated the same as Singapore Citizens due to FTA agreement.

Under certain scenarios, ABSD can be remitted or refunded to buyers.

Refer to IRAS website for more information.

Seller's Stamp Duty - Applies to ALL sellers
The seller stamp duty is a tax on the selling price of the residential property. This is applicable for Singapore residential properties bought on or after 14 January 2011. The rates were recently changed on 11 Mar 2017. Here is how it works:

Property bought: On or after 14 Jan 2011 On or after 10 Mar 2017
Holding period < = 1 year 16% 12%
Holding period >1 year but < 2 years 12% 8%
Holding period >2 years but < 3 years 8% 4%
Holding period >3 years but < 4 years 4% 0%

Under certain scenarios, SSD exemptions or remissions are possible. Refer to IRAS website for more information.


Total Debt Servicing Ratio - Applies to ALL buyers
With effect from 29 June 2013

The Total Debt Servicing Ratio framework is a rule enforced by the Monetary Authority of Singapore (MAS). Under this rule, any property loan extended by financial institutions must not exceed a TDSR threshold of 60%. This means that the percentage of total monthly debt obligations of the borrower to gross monthly income must not exceed 60%.

The safest way is to go about this is to speak to your bankers and have them do an accurate assessment of your TDSR eligibility.

Refer to MAS website.

Loan to Value / Minimum cash downpayment and Loan Tenure
Last revised & effective from 12 January 2013

Besides taking into consideration the buyer’s income, the amount of residential property loan a buyer is eligible for is also dependent on the loan tenure and the number of outstanding property loan this buyer has. The table below shows the maximum LTV a buyer is eligible for and the cash downpayment this buyer has to come up with based on different scenarios.

LTV/ Min Cash:

Loan Tenure upto 30 years, Age < 65 years at the end

LTV/ Min Cash:

Loan Tenure upto 30 years, Age > 65 years at the end

LTV/ Min Cash:

Loan Tenure 31 – 35 years

1st Loan 80% / 5% 60% / 10% 60% / 10%
2nd Loan 50% /25% 30% / 25% 30% / 25%
3rd Loan 40% / 25% 20% / 25% 20% / 25%

Non individuals are only eligible for 20% LTV to purchase residential properties.

Refer to MAS website for more information.