Singapore Property Tax Guide

Singapore imposes property tax on all properties based on Annual Value (AV). Owner-occupied residential properties enjoy low progressive rates from 0% to 16%. Non-owner-occupied residential properties are taxed at progressive rates from 10% to 32%. Property purchases incur Buyer's Stamp Duty (BSD) up to 4% and Additional Buyer's Stamp Duty (ABSD) of up to 65% for foreigners. Seller's Stamp Duty (SSD) applies on residential properties sold within three years. All amounts in SGD.

Property taxes are administered by IRAS. For related guidance, see our Capital Gains Guide →, Corporate Tax Guide →, and Personal Tax Guide →.

Property Tax — Owner-Occupied Residential (Progressive)

Tax is charged on the Annual Value (AV) of the property (the estimated annual rental income if the property were rented out). Owner-occupied rates are progressive:

0% — on first SGD 8,000 of AV
4% — on SGD 8,001 to SGD 30,000 of AV
6% — on SGD 30,001 to SGD 40,000 of AV
10% — on SGD 40,001 to SGD 55,000 of AV
14% — on SGD 55,001 to SGD 70,000 of AV
16% — on AV above SGD 70,000

Property Tax — Non-Owner-Occupied Residential (Progressive)

10% — on first SGD 30,000 of AV
14% — on SGD 30,001 to SGD 45,000 of AV
20% — on SGD 45,001 to SGD 60,000 of AV
26% — on SGD 60,001 to SGD 75,000 of AV
32% — on AV above SGD 75,000

Buyer's Stamp Duty (BSD)

BSD is payable on the purchase of all properties (residential and non-residential) based on the higher of purchase price or market value.
1% on first SGD 180,000
2% on SGD 180,001 to SGD 360,000
3% on SGD 360,001 to SGD 1,000,000
4% on amounts above SGD 1,000,000 (plus an additional portion for residential properties above SGD 1.5M — marginal rates increase up to 6% for higher tiers)
For residential properties with consideration above SGD 1.5 million, BSD marginal rates rise to 5% and 6% at higher tiers.

Additional Buyer's Stamp Duty (ABSD)

Singapore Citizens (first property): 0% ABSD
Singapore Citizens (second property): 20% ABSD
Singapore Citizens (third+ property): 30% ABSD
Singapore PRs (first property): 5% ABSD
Singapore PRs (second+ property): 30% ABSD
Foreigners (any residential property): 60% ABSD (raised from 30% in April 2023 to 60%)
Entities (companies, trusts): 65% ABSD
ABSD does not apply to commercial and industrial properties.

Seller's Stamp Duty (SSD)

SSD applies to residential properties sold within three years of purchase.
Sold within 1st year: 12% of consideration
Sold within 2nd year: 8% of consideration
Sold within 3rd year: 4% of consideration
No SSD applies after three years of holding.