In Singapore property tax, is it true that BSD needs to be paid even if it's your first property purchase? Thus, all properties are at least 1% more expensive than they are advertised, right?


  • admin

    In Singapore property tax, is it true that BSD needs to be paid even if it's your first property purchase? Thus, all properties are at least 1% more expensive than they are advertised, right?


  • admin

    No. Properties are priced.

    Once sold:

    Then you have to pay stamp duty to formalize the contract. You also have to pay your conveyancing lawyer and possibly bank arrangement fees.