Buyer’s Stamp Duty (BSD)
| Singapore Citizen |
3% – $5400 of Purchase Price |
| Permanent Resident |
| Foreigners & Corporate Entities |
Read more about BSD
Additional Buyer’s Stamp Duty (ABSD)
|
1st Property |
2nd Property |
3rd Onwards |
| Singapore Citizen |
N/A |
7% |
10% |
| Permanent Resident |
5% |
10% |
10% |
| Foreigners & Corporate Entities |
15% |
15% |
15% |
Read more about Additional Buyer’s Stamp Duty (ABSD)
Loan-to-Value (LTV) Limits
|
1st Loan |
2nd Loan |
3rd onwards |
| LTV Limits |
80% or 60%* |
50% or 30%* |
40% or 20%* |
| Minimum Cash Down Payment |
5% (for LTV of 80%) |
25% |
25% |
| 10% (for LTV of 60%) |
| Corporate Entities |
20% |
20% |
20% |
* If the loan tenure is more than 30 years or extends past age 65.
http://www.mas.gov.sg/~/media/resource/news_room/press_releases/2013/Annex%20II.pdf
Progressive Payment Scheme
| STAGE |
PAYMENT (% of Total Purchase Price) |
| Upon the grant of Option to Purchase |
5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date |
20% less Booking Fee |
| Completion of foundation work |
10% |
| Completion of reinforced concrete framework of unit |
10% |
| Completion of partition walls of unit |
5% |
| Completion of roofing / ceiling of unit |
5% |
| Completion of door sub-frames / door frames, window frames, electrical wiring, internal plastering and plumbing of unit |
5% |
| Completion of car park, roads and drains serving the housing project |
5% |
| Temporary Occupation Permit or Certificate of Statutory Completion |
25% |
| On completion date |
15% |
http://www.ura.gov.sg/lad/HBG/progressPayments.htm
