1. Stamp Duties:

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Buyer’s Stamp Duty (BSD)

Applies to the purchase price or market value of the residential property, whichever is higher : 

• First $180,000: 1%

• Next $180,000: 2%

• Next $640,000: 3%

• Next $500,000: 4%

• Next $1.5M: 5%

• Above $3M: 6%

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Seller’s Stamp Duty (SSD)  

Applicable if the property is sold within the first three years of purchase:

• 1 year: 12%

• 2 years: 8%

• 3 years: 4%

• More than 3 years: No SSD

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Additional Buyer’s Stamp Duty (ABSD): 

Applicable to Singapore Citizen, PR, Foreigner and Entities:

 

• Singapore Citizen

  • First Property: 0%

  • Second Property: 20%

  • Third Property: 30%

 

• Singapore Permanent Residents (PR)

  • First Property: 5%

  • Second Property: 30%

  • Third Property: 35%​​​​​

 

• Foreigners: 

  • All Property: 60%

 

• Corporate Entities: 

  • All Property: 65%

 

2. Financing and Loan-to-Value (LTV) Ratio:​

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• LTV Ratio 

• For < 30 Years loan or Age 65 Years)

  • With no outstanding housing loans: Up to 75% of the property value.

  • With one outstanding housing loan: Up to 45%.

  • With two or more outstanding housing loans: Up to 35%.

• For > 30 Years loan or > Age 65 Years

  • With no outstanding housing loans: Up to 55% of the property value.

  • With one outstanding housing loan: Up to 25%.

  • With two or more outstanding housing loans: Up to 15%.

 

• Mortgage Tenure:

  • Maximum loan tenure is 30 years, or up to age 65 of the borrower, whichever is earlier.

  • Loans exceeding 30 years or extending beyond age 65 will reduce the LTV limit.

 

• Total Debt Servicing Ratio (TDSR):

  • Monthly total debt repayments cannot exceed 55% of gross monthly income.

 

3. Goods and Services Tax (GST):

• GST is not applicable to residential property purchases.

 

4. Regulatory Compliance:

• Confirm that the property complies with zoning regulations for residential use.

• Understand the property’s tenure (Freehold or Leasehold) and its implications for future resale or inheritance.

 

5. Tenure of Property:

• Freehold: Freehold properties provide indefinite ownership and are highly sought after for their enduring value and flexibility in inheritance planning. 

• Leasehold (99 years): Leasehold properties remain a popular choice, offering modern amenities, prime locations, and a wide range of unit types that cater to different lifestyles and budgets. Many new launches are leasehold, making them attractive for buyers seeking contemporary living spaces with comprehensive facilities.

• See URL for more details : https://www.leonlimadvisory.com/post/freehold-or-99-year

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Disclaimer: While this guide provides current information, rates, regulations, and policies mentioned (such as Stamp Duties, Financing, and CPF usage) are subject to change. Buyers should verify the latest policies with relevant authorities or consult a professional before proceeding with their purchase.

accuracy.