Skip to main content

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Finance (MOF)
  1. Home
  2. News & Resources
  3. Newsroom
  4. Review of Seller’s Stamp Duty to Discourage Short-Term Holding of Residential Properties
Parliamentary Replies

Review of Seller’s Stamp Duty to Discourage Short-Term Holding of Residential Properties

Topics

Tax-Related (Stamp Duty)

12 January 2022

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

Parliamentary Question by Mr Murali Pillai:

To ask the Minister for Finance whether the Ministry will review the current rate of seller’s stamp duty, with a view to discourage short-term holding of residential properties and to ensure a more stable and sustainable property market.

Parliamentary Reply by  Minister for Finance, Mr Lawrence Wong:

The Government last made changes to the Seller’s Stamp Duty, or SSD, in 2017, when the holding period for which SSD applies was reduced from four years to three years.

Last month, the Government announced a package of measures to cool the private residential and HDB resale markets. As the situation on short-term holding has remained stable, we decided not to make any changes to the SSD regime then.

We will continue to monitor closely the residential property market, and consider the appropriate adjustments needed to promote a stable and sustainable property market.

Back to top