Proportion of Stamp Duties Collected from Sales of Properties by Category

Parliamentary Question by Mr Leong Mun Wai:

To ask the Prime Minister and Minister for Finance for the years 2005, 2010, 2015, 2020 and 2024, what proportion of stamp duties collected are from the sale of (i) HDB flats (ii) private non-landed residential properties (iii) landed residential properties and (iv) non-residential properties, respectively.

Parliamentary Reply by Second Minister for Finance, Mr Chee Hong Tat:

The requested information on stamp duties (SD) spans over two decades and we are unable to provide such a long time series of data. 

A property sale transaction may involve three types of stamp duties – Seller’s Stamp Duty (SSD) on the seller’s side, Buyer’s Stamp Duty (BSD) and Additional Buyer’s Stamp Duty (ABSD) on the buyer’s side. ABSD applies to residential properties only.

The proportions of stamp duties from the three property types (HDB, private residential, and non-residential) for 2019 and 2024 are shown in Table 1 below. We have provided 2019 for comparison instead, as 2020 was the start of the Covid-19 pandemic, which had impacted the property market and SD revenue. For tax purposes, IRAS does not differentiate stamp duties contributed from private non-landed and landed residential properties.