Prevo

Policy before and after · Macroprudential

Singapore introduces the Additional Buyer's Stamp Duty

Announced 7 December 2011 · Effective 8 December 2011

Read the full event recordCompare with another policyCreate research brief

Comparison window

Comparison anchored to effective date: 8 December 2011. Before: 9 September 2011 to 7 December 2011. After: 8 December 2011 to 6 March 2012. The same 90 days on each side; the anchor day counts as after.

Before · 9 Sep 2011 to 7 Dec 2011

16 land-sales awards

  • 46 land-sales steps in all
  • 0 other archive events

The event

Announced 7 Dec 2011

Effective 8 Dec 2011

The effective date is the anchor.

After · 8 Dec 2011 to 6 Mar 2012

9 land-sales awards

  • 27 land-sales steps in all
  • All 90 days observable

What this comparison can and cannot show

Generated from this window's records

Recorded

  • 16 land-sales awards in the 90 days before the effective date, and 9 in the 90 observable days after.
  • None of the 4 tracked series has a whole period on both sides of a 90-day window, so no market figure is compared.

Cannot be concluded

  • That this event moved any figure on this page. The comparison is by date; nothing here is attributed to the event.
  • A reading of the concurrent land sales and events as responses to this one. They are listed by date alone.
About this eventIssuing authority, category, affected market, primary source, summary
Announced
7 December 2011
Effective
8 December 2011
Issuing authority
Ministry of National Development, Ministry of Finance
Category
Macroprudential
Affected market
Residential property purchases by foreigners, non-individuals, Permanent Residents owning one property and Singapore citizens owning two. HDB purchases unaffected.
Primary source
Additional Buyer's Stamp Duty for a Stable and Sustainable Property Market. Joint press release, Ministry of Finance and Ministry of National Development, 7 December 2011, with Annex 1 carrying the rate tables and worked examples.

On 7 December 2011 Singapore introduced the Additional Buyer's Stamp Duty, effective the next day: 10% for foreigners and non-individuals buying any residential property, 3% for Permanent Residents owning one property and buying a second or subsequent, and 3% for citizens owning two and buying a third or subsequent. Citizens' first and second purchases and Permanent Residents' first purchases were not subject to the duty.

In brief

In brief

  • 16 GLS site awards were recorded in the before window and 9 in the after window.

What changed

This event records no structured before and after parameters. The change is described in the event's text and sources.

Observed around this event

View linked outcomes

The same statistic over the 90 days before and after the anchor. Figures describe what was recorded in each window; they do not attribute a change to this event.

Singapore private residential transactions, all types of sale

units · Total over whole quarterly periods inside each 90-day window

Before

None

Coverage 0/90 days

After

None

Coverage 0/90 days

Difference

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Provenance
Source
Urban Redevelopment Authority
Series kind
FLOW
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Calculated (sum of published period values)
Shown because
Mapped to this kind of event

Private Residential Property Price Index, All Residential

index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window

Before

None

Coverage 0/90 days

After

None

Coverage 0/90 days

Difference

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Provenance
Source
Urban Redevelopment Authority
Series kind
INDEX
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Source fact (latest whole period)
Shown because
Mapped to this kind of event

HDB Resale Price Index

index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window

Before

None

Coverage 0/90 days

After

None

Coverage 0/90 days

Difference

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Provenance
Source
Housing & Development Board
Series kind
INDEX
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Source fact (latest whole period)
Shown because
Mapped to this kind of event

URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)

index

Comparison unavailable: series aggregation type is unresolved.

Provenance
Source
Urban Redevelopment Authority
Series kind
Unresolved (not recorded)
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Unresolved
Shown because
Cited by this event's own outcomes

Concurrent planning and land activity

Land sales and other archive events dated inside the windows, listed by date only. Each land-sales line shows the site as the record stood on that day.

Before the effective date

46 lines

46 land-sales steps (16 awards) · 0 archive events

From the effective date

27 lines

27 land-sales steps (9 awards) · 0 archive events

Explore concurrent events

Before (46)

  1. 9 September 2011 · Land sales

    Upper Serangoon Crescent / Upper Serangoon Road: Awarded

    Condominium or Flats · status on 9 September 2011: Awarded · awarded to Allgreen Properties Limited at S$270,280,000

  2. 13 September 2011 · Land sales

    Woodlands Avenue 12: Tender closed

    Business 1 · status on 13 September 2011: Tender closed, award pending

  3. 15 September 2011 · Land sales

    Yishun Avenue 1 / Miltonia Close: Launched for tender

    Condominium or Flats · status on 15 September 2011: Tender open

  4. 15 September 2011 · Land sales

    Punggol Central / Edgedale Plains: Launched for tender

    Condominium or Flats · status on 15 September 2011: Tender open

  5. 15 September 2011 · Land sales

    Chestnut Avenue: Launched for tender

    Residential · status on 15 September 2011: Tender open

  6. 19 September 2011 · Land sales

    Woodlands Avenue 12: Awarded

    Business 1 · status on 19 September 2011: Awarded · awarded to OKH Development Pte Ltd at S$71,838,936

  7. 20 September 2011 · Land sales

    Robinson Road / Cecil Street: Tender closed

    Commercial · status on 20 September 2011: Tender closed, award pending

  8. 23 September 2011 · Land sales

    Robinson Road / Cecil Street: Awarded

    Commercial · status on 23 September 2011: Awarded · awarded to Boo Han Holdings Pte. Ltd. and Pearlvine Pte Ltd at S$311,777,000

  9. 3 October 2011 · Land sales

    Mountbatten Road: Launched for tender

    Transitional Office · status on 3 October 2011: Tender open

  10. 4 October 2011 · Land sales

    Jalan Loyang Besar / Pasir Ris Rise: Tender closed

    Residential · status on 4 October 2011: Tender closed, award pending

  11. 5 October 2011 · Land sales

    Jalan Bukit Merah / Alexandra Road: Launched for tender

    Hotel · status on 5 October 2011: Tender open

  12. 6 October 2011 · Land sales

    Soon Lee Street: Launched for tender

    Business 2 · status on 6 October 2011: Tender open

  13. 10 October 2011 · Land sales

    Jalan Loyang Besar / Pasir Ris Rise: Awarded

    Residential · status on 10 October 2011: Awarded · awarded to Hoi Hup Realty Pte Ltd, Sunway Developments Pte. Ltd. and Oriental Worldwide Investments Inc. at S$140,960,000

  14. 11 October 2011 · Land sales

    Pasir Ris Drive 3 / Pasir Ris Link: Tender closed

    Executive Condominium housing · status on 11 October 2011: Tender closed, award pending

  15. 11 October 2011 · Land sales

    Jelebu Road / Petir Road: Launched for tender

    Commercial and Residential (integrated with bus interchange) · status on 11 October 2011: Tender open

  16. 12 October 2011 · Land sales

    Pasir Ris Drive 3 / Pasir Ris Link: Awarded

    Executive Condominium housing · status on 12 October 2011: Awarded · awarded to Ho Lee Group Pte Ltd & Maxdin Pte Ltd at S$122,200,000

  17. 17 October 2011 · Land sales

    Alexandra Road / Alexandra View: Launched for tender

    Residential · status on 17 October 2011: Tender open

  18. 18 October 2011 · Land sales

    Gambas Avenue / Gambas Crescent: Launched for tender

    Business 1 · status on 18 October 2011: Tender open

  19. 19 October 2011 · Land sales

    Flora Drive: Tender closed

    Residential · status on 19 October 2011: Tender closed, award pending

  20. 20 October 2011 · Land sales

    Kaki Bukit Road 4: Tender closed

    Business 2 · status on 20 October 2011: Tender closed, award pending

  21. 25 October 2011 · Land sales

    Yishun Avenue 7 / Canberra Drive: Tender closed

    Executive Condominium housing · status on 25 October 2011: Tender closed, award pending

  22. 25 October 2011 · Land sales

    Flora Drive: Awarded

    Residential · status on 25 October 2011: Awarded · awarded to Realty Consortium Pte. Ltd at S$163,000,000

  23. 27 October 2011 · Land sales

    Punggol Central / Punggol Place: Launched for tender

    Condominium or Flats · status on 27 October 2011: Tender open

  24. 27 October 2011 · Land sales

    Kaki Bukit Road 4: Awarded

    Business 2 · status on 27 October 2011: Awarded · awarded to NSS Properties Pte. Ltd. at S$65,999,988

  25. 31 October 2011 · Land sales

    Yishun Avenue 7 / Canberra Drive: Awarded

    Executive Condominium housing · status on 31 October 2011: Awarded · awarded to MCC Land (Singapore) Pte Ltd at S$213,780,000

  26. 1 November 2011 · Land sales

    Mountbatten Road: Tender closed

    Transitional Office · status on 1 November 2011: Tender closed, award pending

  27. 3 November 2011 · Land sales

    Punggol Central / Edgedale Plains: Tender closed

    Condominium or Flats · status on 3 November 2011: Tender closed, award pending

  28. 4 November 2011 · Land sales

    Mountbatten Road: Awarded

    Transitional Office · status on 4 November 2011: Awarded · awarded to Chen Chew Yen at S$15,010,000

  29. 8 November 2011 · Land sales

    Punggol Central / Edgedale Plains: Awarded

    Condominium or Flats · status on 8 November 2011: Awarded · awarded to Qingjian Realty (South Pacific) Group Pte Ltd at S$215,870,000

  30. 15 November 2011 · Land sales

    Yishun Avenue 1 / Miltonia Close: Tender closed

    Condominium or Flats · status on 15 November 2011: Tender closed, award pending

  31. 17 November 2011 · Land sales

    Gambas Avenue / Gambas Crescent: Tender closed

    Business 1 · status on 17 November 2011: Tender closed, award pending

  32. 21 November 2011 · Land sales

    Yishun Avenue 1 / Miltonia Close: Awarded

    Condominium or Flats · status on 21 November 2011: Awarded · awarded to T G Development Pte Ltd and Master Contract Services Pte Ltd at S$138,900,000

  33. 21 November 2011 · Land sales

    Sengkang West Avenue / Fernvale Road: Launched for tender

    Commercial · status on 21 November 2011: Tender open

  34. 22 November 2011 · Land sales

    Gambas Avenue / Gambas Crescent: Awarded

    Business 1 · status on 22 November 2011: Awarded · awarded to HLS Development Pte Ltd at S$78,168,000

  35. 24 November 2011 · Land sales

    Chestnut Avenue: Tender closed

    Residential · status on 24 November 2011: Tender closed, award pending

  36. 29 November 2011 · Land sales

    Jalan Lempeng: Launched for tender

    Condominium or Flats · status on 29 November 2011: Tender open

  37. 29 November 2011 · Land sales

    Kovan Road / Simon Road: Launched for tender

    Residential · status on 29 November 2011: Tender open

  38. 29 November 2011 · Land sales

    Mount Vernon Road: Launched for tender

    Residential · status on 29 November 2011: Tender open

  39. 29 November 2011 · Land sales

    Soon Lee Street: Tender closed

    Business 2 · status on 29 November 2011: Tender closed, award pending

  40. 30 November 2011 · Land sales

    Jelebu Road / Petir Road: Tender closed

    Commercial and Residential (integrated with bus interchange) · status on 30 November 2011: Tender closed, award pending

  41. 30 November 2011 · Land sales

    Chestnut Avenue: Awarded

    Residential · status on 30 November 2011: Awarded · awarded to S P Setia International (S) Pte Ltd at S$180,000,000

  42. 1 December 2011 · Land sales

    Jalan Bukit Merah / Alexandra Road: Tender closed

    Hotel · status on 1 December 2011: Tender closed, award pending

  43. 2 December 2011 · Land sales

    Jelebu Road / Petir Road: Awarded

    Commercial and Residential (integrated with bus interchange) · status on 2 December 2011: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$492,882,000

  44. 5 December 2011 · Land sales

    Soon Lee Street: Awarded

    Business 2 · status on 5 December 2011: Awarded · awarded to KNG Group Pte Ltd. at S$48,111,130

  45. 6 December 2011 · Land sales

    Alexandra Road / Alexandra View: Tender closed

    Residential · status on 6 December 2011: Tender closed, award pending

  46. 6 December 2011 · Land sales

    Jalan Bukit Merah / Alexandra Road: Awarded

    Hotel · status on 6 December 2011: Awarded · awarded to CEL Development Pte. Ltd. at S$189,000,000

After (27)

  1. 8 December 2011 · Land sales

    Alexandra Road / Alexandra View: Awarded

    Residential · status on 8 December 2011: Awarded · awarded to Sunmaster Holdings Pte. Ltd., Intrepid Investments Pte. Ltd. and Garden Estates (Pte) Limited at S$396,000,000

  2. 15 December 2011 · Land sales

    Punggol Central / Punggol Place: Tender closed

    Condominium or Flats · status on 15 December 2011: Tender closed, award pending

  3. 20 December 2011 · Land sales

    Punggol Central / Punggol Place: Awarded

    Condominium or Flats · status on 20 December 2011: Awarded · awarded to Wee Hur Development Pte Ltd at S$206,200,000

  4. 22 December 2011 · Land sales

    Bedok South Avenue 3: Launched for tender

    Residential · status on 22 December 2011: Tender open

  5. 22 December 2011 · Land sales

    Jervois Road: Launched for tender

    Residential · status on 22 December 2011: Tender open

  6. 10 January 2012 · Land sales

    Mount Vernon Road: Tender closed

    Residential · status on 10 January 2012: Tender closed, award pending

  7. 12 January 2012 · Land sales

    Jalan Lempeng: Tender closed

    Condominium or Flats · status on 12 January 2012: Tender closed, award pending

  8. 16 January 2012 · Land sales

    Jalan Lempeng: Awarded

    Condominium or Flats · status on 16 January 2012: Awarded · awarded to Multi Wealth (Singapore) Pte Ltd at S$408,000,800

  9. 16 January 2012 · Land sales

    Mount Vernon Road: Awarded

    Residential · status on 16 January 2012: Awarded · awarded to Intrepid Investments Pte Ltd, Sunmaster Holdings Pte. Ltd. and TID Residential Pte. Ltd. at S$388,106,106

  10. 17 January 2012 · Land sales

    Sengkang West Avenue / Fernvale Road: Tender closed

    Commercial · status on 17 January 2012: Tender closed, award pending

  11. 18 January 2012 · Land sales

    Kovan Road / Simon Road: Tender closed

    Residential · status on 18 January 2012: Tender closed, award pending

  12. 19 January 2012 · Land sales

    Upper Serangoon View / Upper Serangoon Road: Launched for tender

    Executive Condominium housing · status on 19 January 2012: Tender open

  13. 19 January 2012 · Land sales

    Hillview Avenue: Launched for tender

    Residential · status on 19 January 2012: Tender open

  14. 20 January 2012 · Land sales

    Sengkang West Avenue / Fernvale Road: Awarded

    Commercial · status on 20 January 2012: Awarded · awarded to Earth Holdings Pte. Ltd. at S$328,000,000

  15. 26 January 2012 · Land sales

    Kovan Road / Simon Road: Awarded

    Residential · status on 26 January 2012: Awarded · awarded to Hoi Hup Realty Pte Ltd, Investment Focus Pte Ltd and Oriental Worldwide Investments Inc at S$194,600,000

  16. 2 February 2012 · Land sales

    Jervois Road: Tender closed

    Residential · status on 2 February 2012: Tender closed, award pending

  17. 8 February 2012 · Land sales

    Jervois Road: Awarded

    Residential · status on 8 February 2012: Awarded · awarded to S.L. Development Pte. Limited at S$118,900,000

  18. 9 February 2012 · Land sales

    Bedok South Avenue 3: Tender closed

    Residential · status on 9 February 2012: Tender closed, award pending

  19. 14 February 2012 · Land sales

    Bedok South Avenue 3: Awarded

    Residential · status on 14 February 2012: Awarded · awarded to F.E. Lakeside Pte. Ltd., FCL Topaz Pte. Ltd. and Sekisui House Singapore Pte. Ltd. at S$345,900,000

  20. 15 February 2012 · Land sales

    Fernvale Lane: Launched for tender

    Executive Condominium housing · status on 15 February 2012: Tender open

  21. 15 February 2012 · Land sales

    Punggol Central / Edgefield Plains: Launched for tender

    Executive Condominium housing · status on 15 February 2012: Tender open

  22. 15 February 2012 · Land sales

    Elias Road / Pasir Ris Drive 3: Launched for tender

    Strata Landed or Condominium / Flats · status on 15 February 2012: Tender open

  23. 16 February 2012 · Land sales

    Rangoon Road / Farrer Park Station Road: Launched for tender

    Hotel · status on 16 February 2012: Tender open

  24. 16 February 2012 · Land sales

    Sims Drive / Aljunied Road: Launched for tender

    Business 1 · status on 16 February 2012: Tender open

  25. 1 March 2012 · Land sales

    Upper Serangoon View / Upper Serangoon Road: Tender closed

    Executive Condominium housing · status on 1 March 2012: Tender closed, award pending

  26. 6 March 2012 · Land sales

    Upper Serangoon View / Upper Serangoon Road: Awarded

    Executive Condominium housing · status on 6 March 2012: Awarded · awarded to Ho Lee Group Pte Ltd & Evia Real Estate Management Pte Ltd at S$141,480,000

  27. 6 March 2012 · Land sales

    Hillview Avenue: Tender closed

    Residential · status on 6 March 2012: Tender closed, award pending

Recorded relationships

Methodology5 rules
  • Comparison anchored to effective date: 8 December 2011. The anchor is the effective date where one is recorded, otherwise the announcement date.
  • The windows are the same number of days on each side of the anchor, and the anchor day belongs to the after window.
  • A series counts toward a window only for observation periods wholly inside it, with values as originally recorded, not as later revised.
  • Where no whole period falls inside a window, no value and no difference is stated; a day no whole period covers is missing, never zero.
  • Concurrent land sales and archive events are listed by date alone. Nothing on this page is attributed to the event.

Sources

The event's sources (2)

Primary sources2

  • Additional Buyer's Stamp Duty for a Stable and Sustainable Property Market. Joint press release, Ministry of Finance and Ministry of National Development, 7 December 2011, with Annex 1 carrying the rate tables and worked examples.

    Ministry of Finance · Primary source · Published 7 December 2011

    Open original source

  • URA Private Residential Property Price Index By Type Of Property, quarterly, base 1Q2009 = 100. SingStat TableBuilder table M212261, Residential Properties series, 206 quarters 1975-Q1 to 2026-Q2. Retrieved 14 August 2026 via the open TableBuilder API.

    Urban Redevelopment Authority · Primary source · Published 14 August 2026

    Open original source

Event checked against its primary sources on 14 August 2026. Each claim keeps its own verification status.

Observed series come from the published statistics named on each card. Land-sales lines link to the site record and its releases.