Tag: BSD

Seller’s Stamp Duty was introduced more than a decade ago in 2010 in a bid to curb speculation and disincentivize house flipping in the real estate market. Since then, sub-sales of condos have been steadily declining, with numbers spiking again in 2021.  Looking at the numbers over the last decade (since 2012), the top 3…

Conveyancing is the transfer of legal ownership of property from one person to another. While buying a property is an exciting — and expensive — decision, home buyers in Singapore must ensure that they devote sufficient attention to what’s no doubt the drier aspects of it: maintenance fees (for condos), property tax, stamp duty and the conveyancing process. Once you have decided…

Every day, 99.co picks a piece of property jargon to explain it. Today we look at the Buyers Stamp Duty (BSD), and what it does to your wallet when you buy a house: Buyers Stamp Duty (BSD) The BSD is a stamp duty levied on every home buyer in Singapore. This applies regardless of whether…

Now that there’s a higher BSD, will the momentum in the property market stop? Expert opinion points towards a no, even though some current buyers’ feathers are understandably ruffled. Here’s why the impact isn’t as significant as it might seem: The BSD’s impact is likely to be limited We spoke to Mr. Eugene Lim, Key…