Stamp Duty Rates and Computation
Purchase Price or Market Value of PropertyBuyer Stamp Duty Rates for Residential PropertiesBuyer Stamp Duty Rates for Commercial Properties
First $180,0001%1%
Next $180,0002%2%
Next $640,0003%3%
Remaining Amount4%
Additional Buyer Stamp Duty Rates and Computation
Nationality1st Property2nd Property3rd Property
Singapore CitizensN.A12%15%
Permanent Residents5%15%15%
Entities / Companies25%25%25%

Senja Residences EC Stamp Duty Senja Close EC

When you purchase a property in Singapore, you will need to pay Buyer’s Stamp Duty for Senja Residences EC. The amount is calculated based on the property’s market value and the documented purchase price. If you have received any benefits associated with the transaction, such as cash, these will also be deducted from the purchase price. However, the amount of Stamp Duty you will have to pay varies depending on the circumstances. Here are some tips for Stamp Duty Property Purchase Singapore.

Buyer’s Stamp Duty is a tax that applies to residential property purchases in Singapore for Senja Residences EC. The rate varies based on the buyer’s residency status and whether or not they have any previous properties in Singapore. Permanent residents and Singaporeans will pay higher rates for joint purchases. For entities, the rate is similar for all purchases. Stamp Duty is a one-time fee, so be sure to budget accordingly. After you have budgeted for the Stamp Duty, the next step is to find a reputable property buyer.

If you buy a property through a developer, you may need to pay additional stamp duty. However, this fee is not high, and you don’t have to pay it if you buy an en bloc property. This means that you can avoid the tax by buying in advance, but you must be aware that you’ll have to pay it if you plan to sell the property within the regulated number of years. You can check the e-Tax guide to determine how Stamp Duty applies to enbloc properties.

For an HDB flat priced at $500,000, the buyer’s stamp duty is $64,600. The buyer’s stamp duty varies depending on citizenship and other factors, but is typically between 4% and 15% for Senja Close EC. Before the implementation of the new property cooling measures on 20th February, it was only 3% for HDB transfers within families. However, this has been reduced to 4% since then. The amount of stamp duty paid will vary depending on the amount of the transaction.

The ABSD applies to every property purchase in Singapore, and it is based on the property’s value multiplied by its selling price. For example, if you buy a $1 million property, you would be required to pay $132,000 in ABSD. A Singaporean who purchases their first HDB flat will pay only 5% of the ABSD, while a foreigner may pay up to 30%. This is the same for a Singaporean purchasing a second HDB flat.

If you’re purchasing a property in Singapore, you may want to consider paying the BSD and ABSD with your Central Provident Fund savings. However, you must pay the BSD within 14 days of the agreement date. If you sign the contract while still married, you can also apply for a one-time reimbursement from your CPF account. You can also apply for an HDB loan if you meet the eligibility requirements.