ssd effective when the buyer exercises the option to purchase

In Singapore, the Seller's Stamp Duty (SSD) is calculated based on the holding period of the property, which starts from the date of acquisition. The date of acquisition is typically considered as the date when the Option to Purchase is exercised, or the date of the Sale and Purchase (S&P) Agreement, whichever is earlier.

Therefore, the SSD is effective from the date when the buyer exercises the Option to Purchase, as this marks the beginning of the holding period for the property. This holding period determines the SSD rate applicable if the property is sold within the first three years of acquisition.