For residential properties, the amount of the property’s worth above $1.5 million and up to $3 million will be subject to a 5% tax; the amount above $3 million will be subject to a 6% tax. This represents a substantial increment from the existing rate of 4%. It is anticipated that 15% of all residential properties will be impacted by the revisions.

Source: https://www.straitstimes.com/singapore/budget-2023-buyers-stamp-duties-for-property-purchases-to-be-raised-from-feb-15

North Gaia