The government has introduced additional buyer’s stamp duty for private residential properties.
With effect from today, foreigners and corporate entities purchasing private residential properties in Singapore would have to pay an extra 10% in the form of additional buyer’s stamp duty.
Permanent residents buying their second or subsequent homes and Singaporeans buying their third residential property or more in the local market would have to pay extra 3%.
Below are the new stamp duty rates and its impact on buyers (compiled by Straits Times)
