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Parliamentary Replies

Data on Residential Property Stamp Duties and Additional Buyer Stamp Duties Collected in Last 10 Years

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Tax-Related (Stamp Duty)

11 January 2022

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Parliamentary Question by Mr Chua Kheng Wee Louis:

To ask the Minister for Finance in each year of the last 10 years, what is the respective breakdown of residential property stamp duties and Additional Buyer’s Stamp Duty (ABSD) that is collected from (i) Singaporeans (ii) permanent residents (iii) foreigners and (iv) entities.

Parliamentary Reply by Minister for Finance, Mr Lawrence Wong:

We are unable to provide such a long time series of data. But over the last five years from 2017 to 2021, Singapore Citizens (SC) contributed about 78% of Buyer’s Stamp Duty (BSD) and about 71% of Additional Buyer’s Stamp Duty (ABSD); Permanent Residents (PR) contributed about 1% of BSD and about 3% of ABSD; foreigners contributed about 2% of BSD and about 17% of ABSD; and entities (including housing developers) contributed about 18% of BSD and about 10% of ABSD.

For purchases where the parties are of mixed citizenship statuses (e.g. SC and PR joint purchasers), the transfer is categorised under the profile with the highest ABSD rate (i.e. SC-PR joint purchasers are categorised under PR).

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