Stamp Duty

Buyer’s Stamp Duty

Purchase Price or Market Value of the PropertyBSD Rates for Residential PropertiesBSD Rates for Non-Residential Properties
First $180,0001%1%
Next $180,0002%2%
Next $640,0003%3%
Next $500,0004%4%
Next $1,500,0005%5%
Amount exceeding $3,000,0006%5%

IMPORTANT: New BSD rates with effect from 15 Feb 2023.

Additional Buyer’s Stamp Duty

Nationality1st Property2nd Property3rd Property
Singapore CitizensN.A.20%30%
Permanent Residents5%30%35%
Foreigners60%60%60%
Entities / Companies65%65%65%

IMPORTANT: New ABSD rates with effect from 27 Apr 2023.

From 9 May 2022 onwards, any transfer of residential property into a living trust will be subject to an ABSD rate that is the same as entities.  

 

Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs)

Conditions for Remission:

Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:

  1. Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland
  2. Nationals of the United States of America

 

References:

  1. Buyer’s Stamp Duty (BSD) https://www.iras.gov.sg/taxes/stamp-duty/for-property/buying-or-acquiring-property/buyer’s-stamp-duty-(bsd)
  2. Additional Buyer’s Stamp Duty (ABSD) https://www.iras.gov.sg/taxes/stamp-duty/for-property/buying-or-acquiring-property/additional-buyer’s-stamp-duty-(absd)
  3. Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs) https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/foreigners-eligible-for-absd-remission-under-free-trade-agreements-(ftas)
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Welcome to CanningHill Piers !
Good day! Welcome to
🛍CANNINGHILL PIERS🛍

Showflat Last day - 8 Oct 2023 (Sun)

📣📣📣
One & Only Brand New Integrated Development by the Singapore River with Direct Access to the MRT

🔥 Over 97 % SOLD!! 🔥
💎 Final 16 UNITS❗️💎

▪️ 1 Bedroom (409sf - 463sf)
SOLD OUT!
▪️ 1+Study (474sf - 560 sf)
Last 5 units from $1.712M
▪️ 2+Ensuite Study / 2 Bedroom (732sf - 883sf)
SOLD OUT!
▪️ 2+Study
SOLD OUT!
▪️ 3-Bedroom (893sf - 1,259sf)
SOLD OUT!
▪️ 3-Bedroom Premium (1,313sf)
SOLD OUT!
▪️ 4 Bedroom Premium (1,755sf - 1,959sf)
Last unit $5.544M
▪️ 5-Bedroom Premium (2,788sf)
Last 8 units from $8.904M

▪️ Sky Suite (2,874sf & 3,972sf)
- $12.8M - $13.0M
▪️ Super Penthouse (8,956sf)
SOLD!

Estimated Completion in 2025


🏆Prestige | Integrated | CDL & CapitaLand🏆

🔺2-storey commercial podium managed by CapitaMall
🔺21-storey Moxy Hotel (operated by Marriott International)
🔺20-storey Serviced Residence (managed by The Ascott Limited)
🔺48 / 24-storey Residential Towers of 696 units
🔺 Designed by internationally acclaimed Danish architecture firm - Bjarke Ingels Group (BIG)
🔺 Reputable developer
🔺 Strategic Excellent Location
🔺 Direct Access to Fort Canning MRT + Walk to Clarke Quay NEL
🔺 Breathtaking Singapore River View / Park View
🔺 6km green connection linking to Botanic Gardens
🔺 Direct access to Fort Canning Park
🔺 Seamlessly connected to Clarke Quay



*Pricing and availability subject to change anytime without prior notice.

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