Artist’s impression. Illustrative only, not the development.A purchase at The Island Residence carries Buyer’s Stamp Duty on every home, with Additional Buyer’s Stamp Duty added according to the buyer’s residency and the homes already owned. Seller’s Stamp Duty applies only to a resale within four years. These are the IRAS rates in force on 9 October 2026.
Buyer’s Stamp Duty at The Island Residence
BSD is worked out in slices: each band of the price carries its own rate, and the slices are added together. The residential bands below have applied to purchases since 15 February 2023, and the result is rounded down to the nearest dollar.
| Portion of the purchase price | Rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Remaining amount above $3,000,000 | 6% |
Source: IRAS, checked 9 October 2026 (iras.gov.sg). Rates can change; confirm with IRAS before signing.
A Worked BSD Example for The Island Residence
The $2,500,000 below is an illustrative figure that bears no relation to the pricing of The Island Residence; it simply reaches the fifth band. Added together, the five slices come to $94,600.
| Slice | Duty |
|---|---|
| $180,000 at 1% | $1,800 |
| $180,000 at 2% | $3,600 |
| $640,000 at 3% | $19,200 |
| $500,000 at 4% | $20,000 |
| $1,000,000 at 5% | $50,000 |
| BSD on $2,500,000 | $94,600 |
Source: IRAS, checked 9 October 2026 (iras.gov.sg). Rates can change; confirm with IRAS before signing.
The stamp duty calculator runs the same bands on any figure and adds the ABSD for the buyer’s profile. When the developer issues the price list, the Sales Concierge can work out the duty on a particular home.
Additional Buyer’s Stamp Duty for The Island Residence Buyers
ABSD is paid on top of BSD. For individuals the rate depends on residency and on the number of residential properties already owned on the date of purchase; foreigners and entities pay a single rate. These rates apply from 27 April 2023 and are rounded down to the nearest dollar.
| Buyer profile | First home | Second home | Third and subsequent |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| Singapore Permanent Resident | 5% | 30% | 35% |
| Foreigner | 60% | 60% | 60% |
| Entity | 65% | 65% | 65% |
Source: IRAS, checked 9 October 2026 (iras.gov.sg). Rates can change; confirm with IRAS before signing.
Married couples buying together, with at least one Singapore Citizen spouse, may apply for ABSD remission where neither owns another residential property, and a couple who sell their existing home within the period IRAS sets may apply for a refund. Under Singapore’s free trade agreements, nationals and permanent residents of the United States, and nationals of Iceland, Liechtenstein, Norway and Switzerland, receive the same ABSD treatment as Singapore Citizens.
Seller’s Stamp Duty and The Island Residence
SSD is paid by a seller, and only on a residential sale within four years of purchase. For homes bought on or after 4 July 2025 the rates below apply, on the higher of the price or market value.
| Holding period at sale | SSD rate |
|---|---|
| Up to 1 year | 16% |
| More than 1 year, up to 2 years | 12% |
| More than 2 years, up to 3 years | 8% |
| More than 3 years, up to 4 years | 4% |
| More than 4 years | No SSD |
Source: IRAS, checked 9 October 2026 (iras.gov.sg). Rates can change; confirm with IRAS before signing.
BSD and ABSD are generally due within 14 days of signing, early in the purchase, so they are planned alongside the booking fee and the first instalment. The progressive payment calculator places the duty in the full schedule, and the payment scheme page sets out the stages.
Register Your Interest in The Island Residence
Registration puts you on the preview list for The Island Residence on Keppel Island. The Sales Concierge sends each document as the developer releases it and arranges a private preview appointment at a time that suits you.
What the Sales Concierge sends
- The e-brochure and the full project details on the day they are released.
- Every floor plan and the site plan with its facilities, as soon as the developer publishes them.
- The price list and the balance units chart at launch, before public release where the developer allows.
- A private showflat appointment once the sales gallery opens.
Register Your Interest
No obligation. The Sales Concierge responds personally to every enquiry.
To talk it through instead, call +65 6200 6220 or send a WhatsApp message to the same number.