Sengkang Connection Stamp Duty Calculator

This calculator works out the Buyer's Stamp Duty payable on an industrial purchase at Sengkang Connection, band by band, together with the GST on the purchase price. For the full cost of a purchase including the payment schedule and loan drawdown, use the industrial purchase calculator.

Pricing has not been released for this development. The calculator opens at an illustrative $1,500,000 so the figures compute on load. That number bears no relation to Sengkang Connection, whose price list has not been issued — see the pricing page.

The Rate Scale Explained

Buyer's Stamp Duty on an industrial purchase runs across five bands: 1% on the first $180,000, 2% on the next $180,000, 3% on the next $640,000, 4% on the next $500,000, and 5% on the amount above $1.5 million. It tops out at 5%.

The scale is marginal rather than a cliff edge. Reaching the 5% band does not mean 5% on the whole price — only the portion above $1.5 million is charged at that rate. On a $1,500,000 purchase the duty is $44,600, an effective rate of about 2.97% against a top band of 4%. The working table above shows exactly where each dollar falls.

Seller's Stamp Duty on a Future Sale

Industrial property carries Seller's Stamp Duty on a three-year holding period: 15% within the first year, 10% in the second, 5% in the third, and nothing after three years. It applies to property acquired on or after 12 January 2013, regardless of whether the unit was owner-occupied or held as an investment.

SSD is charged on the higher of selling price or market value and covers any disposal within the window, including transfers and gifts. Holding beyond three years removes it entirely. Full detail is on the stamp duty and GST page.

GST on the Purchase

GST at 9% applies to the purchase price where the seller is GST-registered, which is normal for a new development sold by a developer. On a building under construction it is charged instalment by instalment as each stage falls due, not once at the end — the industrial purchase calculator shows the amount against every stage.

Whether GST can be recovered turns on the buying entity. As a guideline only, where the buyer is an operating company that is GST-registered and already carrying on taxable business activities, GST may be claimed as input tax as it is incurred. Where the buyer is a non-operating company, such as a newly incorporated or investment-holding entity, claims would not usually begin until the property reaches TOP and operating activities commence. In every case the position is subject to the rules set by IRAS.

Also Worth Budgeting For

Legal and conveyancing fees, valuation fees, bank charges, and lease duty on a subsequent letting all sit outside these figures. Duty is assessed on the higher of price or market value, so a purchase below valuation is still assessed at the valuation.

Stamp duty falls due within 14 days of exercising the Option to Purchase or signing the Sale and Purchase Agreement. Confirm the current rates and your own position with IRAS before commitment.