3 Answers

askguru expert
Hi Mr Kesh Kesh, thanks for writing to us on AskGuru.

The stamp duty for a commercial property in Singapore purchased on or after 20 Feb 2018 is as follows:

First $180,000 1%
Next $180,000 2%
Next $640,000
Remaining amount 3%

You may refer to IRAS's link here for the Buyer's Stamp Duty (BSD) https://www.iras.gov.sg/IRASHome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Buyer-s-Stamp-Duty--BSD-/

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

0

YT Tan (陈永达)
Good evening Kesh, It wil be normal buyer's stamp duty of estimated 3% based on purchase price. If you are purchasing one with residential component, you will have to pay additional buyer's stamp duty for it. If you need any assistance in your commercial property purchase, feel free to contact me. Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171 (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

0

Michelle Tan
Dear Mr. Kesh, the stamp duty for commercial/industrial property is at 3% of purchase price less $5400. I hope I could be of assistance to you in looking for the commercial unit. Please do not hesitate to contact me @ 91391247 for a non-obligatory chat. Cheers, Michelle Read More

0