Budget 2023: Buyer’s stamp duties for property purchases to be raised from Feb 15
Around 55% of all private residential transactions had a minimum value of $1.5 million, while 15.4% had a minimum value of $3 million, according to URA data from 2022.
Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, estimates that 39.2% of the companies were valued at between $1.5 million and $3 million.
She noted that based on data from the previous year, the increased BSD may have an impact on about 50% of transactions.
Source: https://www.straitstimes.com/singapore/budget-2023-buyers-stamp-duties-for-property-purchases-to-be-raised-from-feb-15
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