SSD is computed on the higher of the sale price or market valuation, and it is paid by the seller, not the buyer. HDB flats are effectively exempt because the 5 year Minimum Occupation Period already blocks an open market sale within the SSD window.
For property purchased on or after 4 July 2025, the schedule is 16 percent in year 1, 12 percent in year 2, 8 percent in year 3, 4 percent in year 4, and 0 percent after year 4. Property purchased before 4 July 2025 remains on the earlier 3 year schedule of 12, 8 and 4 percent.
Worked example: selling a S$2,000,000 property within the first year under the current regime costs S$320,000 in SSD alone, large enough to erase most short term gains. Sub sales of new launch units before TOP are also subject to SSD under the same schedule.
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Book a free 30 minute callWinfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence No. L31010886H). CEA R073319H. This page is for general information only and does not constitute financial, investment, or legal advice. Verify current figures with IRAS, HDB, CPF Board, or MAS before making any decision.