Quick Way to Calculate Stamp Duty Payable for Buying Singapore Property

Stamp Duty payable by Buyer of Singapore Property

- First $180,000 is 1% .
- Second $180,000 is 2%.
- Thereafter, 3% of the remaining property price.

For property price more than $360K, a quick way to compute the stamp duty is to consider a flat rate of 3% on the total property price, then subtract the excess amount for the first $180K and next $180K which is $5400.

Quick Formula:
Stamp Duty = 3% x Property price - $5400

Example 1: Property Price = $1M
Stamp Duty = 3% of $1M - $5400 = $30,000 - $5400 = $24,600

Example 2: Property Prcie = $600K
Stamp Duty = 3% of $600K - $5400 = $12,600

For property price less than $360K, it's 1% for first $180K and 2% for the next $180K.

Example 3: Property Price = $280K

Stamp Duty = 1% x $180,000 + 2% x $100,000 = $3800

Example 4: Property Price = $160K

Stamp Duty = 1% x $160,000 = $1600

(The discounts given to the first 360K is to take care of people from the lower income group who are buying a small property like a 3-rm HDB flat.)


You can download an excel spreadsheet Stamp Duty Calculator here.

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Kenneth Chan 曾健德
Associate Division Director
ERA REALTY NETWORK PTE LTD
CEA Licence No.:
L3002382K / R024796D
+(65) 9100 6270