What is SSD in Singapore real estate

Seller’s Stamp Duty (SSD) is a tax payable by property owners when they sell or dispose of their residential or industrial properties within specific holding periods, starting from the date of purchase or change of zoning/use. The applicable rates and holding periods differ based on the purchase date. If a property is sold after holding it beyond the prescribed period (typically three to four years), no SSD is payable. Otherwise, sellers must pay SSD at varying percentages of the property’s price or market value.