When you buy a home at Wynwood Grand, two government taxes may apply on top of the purchase price: Buyer’s Stamp Duty (BSD), which every buyer pays, and Additional Buyer’s Stamp Duty (ABSD), which depends on your residency status and how many residential properties you already own. The figures below follow the current rates published by the Inland Revenue Authority of Singapore (IRAS) and apply to a Wynwood Grand EC purchase the same way they do to any private residential property. Stamp duty is calculated on the higher of the purchase price or the market valuation.
Tax payable by every buyer
Buyer’s Stamp Duty (BSD)
| Purchase Price or Market Value | BSD — Residential |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Amount exceeding $3,000,000 | 6% |
BSD is payable within 14 days of signing the Sale & Purchase Agreement (or the date of the document if signed overseas).
Tax based on buyer profile
Additional Buyer’s Stamp Duty (ABSD)
| Buyer Profile | 1st Property | 2nd Property | 3rd & Subsequent |
|---|---|---|---|
| Singapore Citizens | 0% | 20% | 30% |
| Singapore Permanent Residents | 5% | 30% | 35% |
| Foreigners | 60% | 60% | 60% |
| Entities / Companies | 65% | 65% | 65% |
As an Executive Condominium, Wynwood Grand is sold to eligible buyers under EC rules, and Singapore Citizen first-time buyers typically pay only BSD. Married couples buying a second property may qualify for ABSD remission if they sell their first home within the stipulated period. ABSD rules can be nuanced, so confirm your position against the official IRAS guidance and seek professional advice before committing. Continue to the payment scheme to see how instalments are staged, or review the housing loan information for financing limits.
Plan Your Wynwood Grand EC Purchase
Speak to our team about financing, eligibility and the latest pricing for Wynwood Grand EC, or arrange a showflat appointment when viewing opens.