Media Statement | Seller’s Stamp Duty Revisions | 4 Jul 2025
“REDAS notes the Government’s revision to the Seller’s Stamp Duty (SSD), effective from 4 July 2025, and the rationale provided, which restores the holding period first introduced in 2011.
The market has shown signs of moderation, as seen in the Q2 2025 flash estimates, with slower sales take up, particularly in projects located in the Core Central Region, amid heightened geopolitical tensions and economic uncertainties.
We believe the revisions will have limited impact on most genuine homebuyers, who are primarily Singaporeans and Singapore Permanent Residents purchasing for their own stay or with a long term investment view.
On a broader level, REDAS supports efforts that contribute to a stable and sustainable property market, where prices appreciate in line with long term economic and income growth. We also urge continued and close public private dialogue to ensure that future policy calibrations remain responsive to ground realities and support the long term resilience of the real estate sector.”
