04/07/2025
๐๏ธ Breaking News: Property Seller Stamp Duty (SSD) Holding Period Increased from 3 to 4 Years
At midnight, the government announced a key change: the Sellerโs Stamp Duty (SSD) holding period will increase from 3 years to 4 years, with rates adjusted upward accordingly.
While this may raise questions for some, itโs important to note that most buyers in Singapore already hold their properties well beyond 4 years, and this adjustment is unlikely to impact genuine home buyers or long-term investors.
By extending the SSD by one year, potential resale supply that might have entered the market in 2028 could now be deferred to 2029 and beyond. This helps the market absorb upcoming completions without creating an oversupply in any particular year, supporting price stability over the longer term.
Personally, I believe this is a strategic move by the government to manage supply and demand proactively, ensuring market stability while giving a gentle nudge against short-term speculation. This aligns with Singaporeโs approach to maintaining a resilient and stable property market.
If youโre considering your next move or would like to understand how this may align with your property plans, feel free to drop me a message. ๐ค
