If you’re planning to buy property in Singapore for the first time, understanding the country’s real estate tax framework is crucial. While Singapore offers a highly structured and investor-friendly property market, the associated taxes and duties can significantly influence the total cost of acquisition and ownership. First-time buyers — whether local or foreign — should carefully evaluate the tax implications to budget effectively and avoid surprises during the purchase process. This article breaks down the key real estate taxes in Singapore, how they apply to first-time buyers, and what exemptions or benefits may be available. Read more about Thomson View New Condo Buyer’s Stamp Duty (BSD) Buyer’s Stamp Duty (BSD) is a mandatory tax payable on all property purchases in Singapore, regardless of the buyer’s nationality or residency status. It is calculated as a percentage of the property’s purchase price or market value, whichever is higher. As of 2025, the BSD rates f...