Proportion of Stamp Duties Collected from Sales of Properties by Category

Mr Leong Mun Wai asked the Prime Minister and Minister for Finance for the years 2005, 2010, 2015, 2020 and 2024, what proportion of stamp duties collected are from the sale of (i) HDB flats (ii) private non-landed residential properties (iii) landed residential properties and (iv) non-residential properties, respectively.

The requested information on Stamp Duties (SD) spans over two decades and we are unable to provide the series of data over such a long time.

A property sale transaction may involve three types of SDs: Seller's Stamp Duty on the seller's side; Buyer's Stamp Duty; and Additional Buyer's Stamp Duty (ABSD) on the buyer's side. ABSD applies to residential properties only.

The proportions of SD from the three property types, the Housing and Development Board, private residential and non-residential, for 2019 and 2024 are shown in Table 1 below. We have provided 2019 for comparison instead, as 2020 was the start of the COVID-19 pandemic, which had impacted the property market and SD revenue. For tax purposes, the Inland Revenue Authority of Singapore does not differentiate stamp duties contributed from private non-landed and landed residential properties.