BSD (Buyer's Stamp Duty) is the tax levied on every Singapore residential property purchase, payable by the buyer within 14 days of contract signing. Current tiered rates (since 15 Feb 2023): 1% on first S$180k, 2% next S$180k, 3% next S$640k, 4% next S$500k, 5% S$1.5M–S$3M, 6% above S$3M.
Buyer's Stamp Duty (BSD) is the universal tax on every residential property purchase in Singapore — paid by the buyer, applied to the higher of purchase price or market value, and due within 14 days of the contract being signed. Unlike ABSD which scales by buyer profile and existing properties, BSD applies to everyone — citizens, PRs, and foreigners alike — at the same progressive rate.
The current BSD rate schedule has been in force since 15 February 2023, when the top marginal rate was raised to 6% for residential and 5% for commercial. The rates remain unchanged in Budget 2026 (as of 2026-05). BSD is computed progressively across tiers — you pay the tier rate on the slice of price within each band, not the top rate on the whole price.
What Does It Mean?
Buyer's Stamp Duty (BSD) is a progressive tax on all property purchases in Singapore. Rates range from 1% on the first $180,000 to 6% on value above $3,000,000. BSD applies to every buyer regardless of nationality or number of properties owned.
Current Rates
| Property Value Band | Rate | Max Duty |
|---|---|---|
| First $180,000 | 1% | $1,800 |
| Next $180,000 ($180,001–$360,000) | 2% | $3,600 |
| Next $640,000 ($360,001–$1,000,000) | 3% | $19,200 |
| Next $500,000 ($1,000,001–$1,500,000) | 4% | $20,000 |
| Next $1,500,000 ($1,500,001–$3,000,000) | 5% | $75,000 |
| Above $3,000,000 | 6% | Variable |
For a $1,500,000 property, total BSD = $1,800 + $3,600 + $19,200 + $20,000 = $44,600.
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Worked Example
For a property priced at $1,500,000:
Why It Matters
BSD is unavoidable for every property purchase in Singapore. On a $2M property, you'll pay $64,600 in BSD alone. Factor this into your total acquisition budget from the start.
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Official Sources
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BSD residential rate tiers (effective since 15 Feb 2023):
| Price slice | BSD rate |
|---|---|
| First S$180,000 | 1% |
| Next S$180,000 | 2% |
| Next S$640,000 | 3% |
| Next S$500,000 | 4% |
| Next S$1,500,000 (S$1.5M to S$3M) | 5% |
| Above S$3,000,000 | 6% |
Worked example: BSD on a S$1,800,000 condo.
- 1% × S$180,000 = S$1,800
- 2% × S$180,000 = S$3,600
- 3% × S$640,000 = S$19,200
- 4% × S$500,000 = S$20,000
- 5% × S$300,000 = S$15,000
- Total BSD = S$59,600 (approximately 3.3% of price)
BSD on a S$5,000,000 GCB would be S$1,800 + S$3,600 + S$19,200 + S$20,000 + S$75,000 + S$120,000 = S$239,600 (approximately 4.8% of price). The top-tier 6% applies to the slice above S$3M only.
- Use the IRAS calculator at iras.gov.sg for the exact BSD on any specific price.
- Budget BSD as cash — payable within 14 days of S&P, separate from the down payment. Don\'t conflate.
- Compute BSD on market value if higher than the stated price — IRAS uses the greater of the two.
- BSD applies once per purchase — it\'s not refundable, not stacked, and not affected by remissions (unlike ABSD).
Frequently Asked Questions
Is BSD the same for all buyers?
Can BSD be paid with CPF?
Is BSD payable on HDB resale?
Yes. BSD applies to all residential property purchases including HDB resale at the same tiered rates.
What if I miss the 14-day deadline?
Late penalties apply — up to S$10 + 0.5% per month, capped at four times the duty payable. Pay on time.
Is BSD different for commercial property?
Yes — commercial top rate is 5% (not 6%); the slice structure is also slightly different. Always check the specific commercial rate schedule.
Does BSD apply to inherited property?
No, inheritance transfers are exempt from BSD. Only purchases are subject to BSD.
This glossary article is auto-generated from ShiokNest's financial data and updated periodically. Rates and figures are current as of May 2026. Check official sources for the latest.