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Budget 2023

What is the stamp duty increase, as announced in Budget 2023?


  • Increased Buyer’s Stamp Duties (BSD) for higher-value residential and non-residential properties (wef 15 February 2023)

    Higher of Purchase Price or Market Value of the Property  Marginal BSD rate
    Residential propert Non-residential property
    First $180,000 1% 1%
    Next $180,000 2% 2%
    Next $640,000 3% 3%
    Next $500,000 4% 4% (NEW)
    Next $1,500,000 5% (NEW) 5% (NEW)
    Amount exceeding $3,000,000 6% (NEW) 5% (NEW)