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Singapore’s property market is influenced by government intervention, economic sentiments, and foreign investment factors. Public housing forms the bulk of the housing stock, with about 76% of residential units under tight ownership and occupancy restrictions, while private housing transactions are more freely transacted along with commercial and industrial properties. Prices generally reflect broader economic trends, and policies such as seller’s stamp duties, minimum occupation periods, and CPF regulations help maintain stability. Real estate submarkets include residential, commercial, and industrial segments, further divided by location, tenure, and usage. The market also follows cyclical patterns, where real estate cycles overlap with broader business cycles. In 2014, there were about 13,000 private residential transactions worth around $20 billion, 1,000 commercial transactions totaling $4 billion, and 1,700 industrial transactions at $11 billion. Moreover, real estate agents, developers, and various regulatory frameworks play key roles in shaping the overall market.

Non-residential properties like shops are taxed at 10% of their Annual Value. For instance, a shop with an Annual Value of $60,000 would have a property tax of $6,000.

The property tax rate for a non-residential shop is 10% of its Annual Value. Owner-occupier tax rates do not apply.

Seller Stamp Duty (SSD) is not applicable to commercial properties, including strata office or retail units. Only industrial properties are subject to SSD if sold within three years of purchase.

Properties purchased on or after 4 July 2025 are subject to SSD rates: 16% if sold within 1 year, 12% within 2 years, 8% within 3 years, 4% within 4 years, and 0% after 4 years.

SSD rates based on purchase date and holding period: Purchased between 11 March 2017 – 3 July 2025: - Sold ≤ 1 year: 12% - Sold > 1 year, ≤ 2 years: 8% - Sold > 2 years, ≤ 3 years: 4% - Sold > 3 years: No SSD Purchased on and after 4 July 2025: - Sold ≤ 1 year: 16% - Sold > 1 year, ≤ 2 years: 12% - Sold > 2 years, ≤ 3 years: 8% - Sold > 3 years, ≤ 4 years: 4% - Sold > 4 years: No SSD

It was not mentioned in the provided information.

Seller Stamp Duty (SSD) is not applicable for strata offices and retail units in Singapore. You can sell the property the next day without incurring any SSD tax.

For HDB loans, there is no CPF Housing Withdrawal Limit. For bank loans on HDB flats, the CPF usage is capped by two limits: Valuation Limit (lower of purchase price or market valuation) and Withdrawal Limit (120% of the Valuation Limit). Use of CPF savings is subject to eligibility rules.

Singapore has well over 300 established condominium projects, with the total number of individual condo units in the hundreds of thousands. In 2025, about 8,000 new private residential units (excluding Executive Condominiums) will enter the market.