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Increase in Marginal Buyer Stamp Duty (BSD) Rates

Updated: Feb 16, 2023



Budget 2023: The Government is imposing higher taxes on luxury homes as well as more than half of non-residential properties with effect from Wednesday (Feb 15).


For residential properties, the portion of the value of the property over S$1.5 million and up to S$3 million will be taxed at 5 per cent, while the portion of the value in excess of $3 million will be taxed at 6 per cent.


Before Feb 15, all the portion of the value of a property in excess of S$1 million is taxed at 4 per cent.


Price: $1,500,000 > No Change


Price: $2,000,000

> $64,600 to $69,600

> Increase of $5,000


Price: $3,000,000

> $104,600 to $119,600

> Increase of $15,000



Main display image from Todayonline

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