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On 6 Jul 2018, the government introduced an additional 5%, ABSD that housing developers have to pay. This 5% ABSD is non-refundable/non remittable.
The ABSD applies to residential properties, as well as residential land. The affected buyers/developers are required to pay the ABSD on top of the existing Buyer’s Stamp Duty (BSD) .
Latest Measures FAQs
1) From 16 Dec, what do I need to take note?
iii. HDB loan – max. loan granted capped at 85% (previous 90%)
2) What about OTP before 16 Dec? (to be clear, 15 Dec).
Parties affected
3) Who are the parties affected by the latest cooling measures from 16 Dec?
4) Does it affect first-time homeowners?
ABSD unchanged at 0% & 5% respectively.
5) How does it affect developers?
and 35% (if units remain unsold in 5 years).
Loans – HDB & Bank
6) How about HDB buyers? Any impact?
7) How about Executive Condominium buyers?
Active Market Segments
8) Which market segments will continue to be active?
S$ per sqft per month
OCBC Centre office for lease | 65 Chulia Street
Bank Of Singapore Centre office for lease | 63 Market Street
Republic Plaza office for lease | 9 Raffles Place
One Raffles Place for Lease | 1 Raffles Place
Prime Business Address , Heart of Singapore CBD , Panoramic View
UE Biz Hub East | 6 & 8 Changi Business Park
11 TAMPINES CONCOURSE
Stamp duty payable on the documents relating to transactions involving immovable property, including all sales and subsales, mortgages and leases of such property. This applies to all types of properties, regardless of whether the construction of the property has been completed.
