Marina Bay Sand

Enhanced Proximity Housing Grant to Families Live Closer

Minister for Finance, Mr Heng Swee Keat, announced in the Budget Statement in Parliament that the Government will enhance the Proximity Housing Grant (PHG) to encourage married couples, singles, and their parents to live closer together, in the same flat or nearby, for stronger family support. Closer Families, Stronger Ties: Together Enhanced Proximity Housing Grant to Help More Families Live Closer.


Marina Bay Sand

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.

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%.