Budget 2018, Buyer Stamp Duty

Budget 2018.

Buyers' stamp duty (BSD) for residential properties will go up from 3% to 4% with effect from tomorrow.BSD rates for residential properties today range between 1% and 3% and have remained unchanged since 1996. http://str.sg/oiKH

The new rate of 4% will apply to the portion of residential property value which is in excess of $1 million.

The rate for non-residential properties remains unchanged at 1% to 3%.