1. Buyer's Stamp Duty (BSD)
​Property buyers are required to pay BSD for documents executed for the sale and purchase of property located in Singapore
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Applicable to all property buyers.
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For every property transaction
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Payable by cash or CPF
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For property between $360k to $1m
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Purchase price x 3% - $5,400​
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For property above $1m
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Purchase price x 4% - $15,400​
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To be paid within 14 days from exercising of option
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Cheque / CO payable to Commissioner of Stamp Duties
2. Additional Buyer's Stamp Duty (ABSD)
Liable buyers are required to pay ABSD on top of the existing BSD.
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Applicable to selected property buyers
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Singapore Citizens: 2nd property onwards​
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Singapore Permanent Resident: from 1st property
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Foreigner*: from 1st property
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Company: from 1st property
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Payable by cash or CPF
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To be paid within 14 days from exercising of option
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ABSD refund of matrimonial home only for:
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Married​
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Singaporean household
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Sell matrimonial home
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Within 6 months
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From new condo TOP date
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*Countries exempted under free trade agreement (FTA)
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USA (Citizens only)​
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Switzerland (Citizens & PR)
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Norway (Citizens & PR)
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Liechtenstein (Citizens & PR)
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Iceland (Citizens & PR)
3. Total Debt Servicing Ratio (TDSR)
TDSR framework requires financial institutions to take into consideration borrowers' other outstanding debt obligations when granting property loans to individuals.
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Applicable to selected property buyers​
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For all property transaction
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Only 60% of total income can be used for:
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Car loan repayment​
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Mortgage loan instalment
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Interest based on 3.5%​
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Monthly credit card payment
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Based on CC minimum payment sum​
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Other loans payment
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Student loan, personal loan, retailer loan, etc.​
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Variable income subjected to 30% haircut
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No haircut for eligible liquid assets pledged for at least 4 years with the financial institutions.
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4. Loan-to-Value (LTV)
LTV limit all property loans provided by financial institutions regulated by the Monetary Authority of Singapore (MAS).
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Applicable to selected property buyers​
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For all property transaction
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To be determined based on:
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Buyer's number of concurrent loan(s)​
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Loan tenure (Based on IWAA)
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Buyer's age at the end of repayment
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5. Seller's Stamp Duty (SSD)
SSD is payable on all residential properties and residential lands that are bought on or after 20 Feb 2010 and sold within the holding period.
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Applicable to selected property sellers
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For residential & industrial property transaction
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Holding period subjected to SSD IS based on date of acquiring the property
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Payable by CASH only
6. HDB Minimum Occupation Period (MOP)
The MOP is calculated from the date the sellers collect the keys to the flat. The MOP duration depends on the purchase mode, flat type, and date of flat application.
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Applicable to all HDB owners
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To fulfil 5 years MOP before allowed to buy PTE property
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5 years MOP starts from key collection/resale completion
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MOP for SERS owners:
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7 years from flat selection or
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5 years from key collection
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HDB owners under MOP are not allowed to book building under construction (BUC)
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MOP restriction also applies to HDB essential occupiers.
7. CPF Minimum Sum
The retirement sum scheme provides CPF members a monthly income to support a basic standard of living during retirement.
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Applicable to all CPF members
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SGD$181,000 (Minimum sum as of 1st Jan 2020)
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Combination of OA + SA
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100% of OA can be used for 1st property* (for CPF members below 55 years old)
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Excess in OA can be used for 2nd property onwards after setting aside 50% of minimum sum* (for CPF members below 55 years old)
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Excess in OA + RA can be used for PTE property after setting aside 50% of minimum sum (for CPF members of 55 years and above)
*Valuation limit and Withdrawal limit
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Valuation limit (VL) is the purchase price or the value of property at the time of purchase. (whichever is lower)
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Withdrawal limit (WL) is 120% of the VL.
8. Normal Payment Scheme (NPS)
NPS, also known as progressive payment scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.
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​Applicable to all purchases of building under construction. (Except exec condo and HDB BTO)
