{"id":24679,"date":"2023-02-14T18:45:00","date_gmt":"2023-02-14T10:45:00","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=24679"},"modified":"2024-11-12T14:11:26","modified_gmt":"2024-11-12T06:11:26","slug":"property-jargon-of-the-day-buyers-stamp-duty-bsd","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-buyers-stamp-duty-bsd\/","title":{"rendered":"Buyer’s Stamp Duty (BSD) in Singapore, explained"},"content":{"rendered":"
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Once in a while, 99.co picks a piece of property jargon to explain it. Today, we look at the Buyer’s Stamp Duty (BSD)<\/strong>, and what it does to your wallet when you buy a house.<\/p>\r\n\r\n\r\n\r\n

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The BSD applies regardless of your nationality or the number of properties you own.<\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n

The BSD is a stamp duty levied on any property purchase in Singapore, whether it’s residential. So it applies regardless of whether you’re buying an HDB flat, private property, or commercial property. BSD is always based on the higher <\/em>of your property purchase price or valuation.<\/p>\r\n

The Buyer’s Stamp Duty (BSD) in Singapore is a crucial aspect of the property purchasing process, impacting both residential and non-residential property transactions. Understanding BSD is vital for potential buyers as it represents an additional cost that can significantly affect the overall affordability of a property. For residential properties, the BSD is calculated on a progressive scale based on the purchase price or market value, whichever is higher. This system ensures a fair distribution of tax based on property value, where more expensive properties incur higher duty rates.<\/p>\r\n