top of page
Search
  • Writer's picturePauline Chua Era

BUDGET 2023 - SINGAPORE PROPERTY





BUDGET 2023 - SINGAPORE PROPERTY


BUDGET 2023 sets out key moves to secure a brighter future as Singapore moves forward in a new post-pandemic era. A multi-pronged approach will be adopted to build on our economy competitiveness, strengthen our social compact, build our collective resilience, and to ensure a competitive and fair tax system.


As part of a collective effort to generate nation wealth and to ensure a more inclusive wealth distribution, the Singapore government has introduced several measures pertaining to Singapore property, effective from 15 February 2023. These measures affect the Buyerโ€™s Stamp Duty (BSD) and Housing Grants for HDB Resale Flats.


Revised BSD for Residential Properties:

The increase in BSD payable does not apply to residential property purchases $1.5 million and below, and is marginal for purchases up to $2 million. This measure serves as a wealth tax and has a more significant impact on larger quantum purchases $3 million and above.


Revised BSD for Non-Residential Properties

The increase in BSD payable does not apply to non-residential property purchases $1 million and below, and is marginal for purchases up to $2 million. This measure serves as a wealth tax and has a more significant impact on larger quantum purchases $3 million and above.


๐—›๐—ผ๐˜‚๐˜€๐—ถ๐—ป๐—ด ๐—š๐—ฟ๐—ฎ๐—ป๐˜๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ถ๐—ฟ๐˜€๐˜-๐—ง๐—ถ๐—บ๐—ฒ๐—ฟ๐˜€ (๐—™๐—ฎ๐—บ๐—ถ๐—น๐—ถ๐—ฒ๐˜€ & ๐—ฆ๐—ถ๐—ป๐—ด๐—น๐—ฒ๐˜€) ๐—•๐˜‚๐˜†๐—ถ๐—ป๐—ด ๐—ฎ ๐—ฅ๐—ฒ๐˜€๐—ฎ๐—น๐—ฒ ๐—™๐—น๐—ฎ๐˜

The government has increased the amount of housing grants for first-timer (families and singles) buying a resale flat. The total amount each family / single applicant is eligible to receive is $190,000 / $95,000, an increase of $30,000 / $15,000 respectively. This will make resale flats more affordable for first-timer (families and singles).



"Touching Lives, Connecting People Through Real Estate."


Download & Share:



SINGAPORE PROPERTY MARKET - BUDGET 2023
.pdf
Download PDF โ€ข 1.46MB




๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€ Associate Senior Marketing Director Huttons Asia Pte Ltd www.paulinechua.com WhatsApp: wa.me/6586927272 www.instagram.com/paulinechuarealestate LinkedIn.com/in/paulinechuarealestate bit.ly/PaulineChuaYouTube

#Budget2023

#MajulahSingapura

#Singapore #PaulineChuaRealEstate #SingaporeProperty #SingaporeRealEstate #PropertyNews #PropertyMarket

#HDB

#Condo

#Industrial

#Commercial





21 views0 comments
bottom of page