Published June 28, 2026 · June 28, 2026 update
Buyers moving from residential property into industrial often assume the cost structure is the same. It is not. Acquiring a B1 industrial unit like one at Space Nova follows a different — and in several respects more favourable — set of rules. Here is how the two compare. (Figures are standard Singapore rates; always confirm with IRAS before committing.)
Both residential and non-residential buyers pay Buyer's Stamp Duty (BSD), but on different scales. Industrial and other non-residential property is charged on a lower tiered scale that tops out at 5%, versus 6% for residential. The full breakdown sits on the stamp duty and GST page, but the headline is that the non-residential scale is the more efficient of the two at the top end.
This is where industrial pulls clearly ahead. Additional Buyer's Stamp Duty (ABSD) — which can add a very substantial layer to residential purchases for foreigners and multiple-property buyers — simply does not apply to non-residential property. An industrial unit at Space Nova attracts only BSD. That makes industrial comparatively efficient to acquire, including for companies and certain foreign entities who would face steep ABSD on a residential purchase.
The trade-off runs the other way on GST. Residential sales do not attract GST; non-residential sales can. Where the seller is a GST-registered entity, GST is generally chargeable on an industrial sale at the prevailing rate. A GST-registered buyer may, subject to conditions, be able to claim that GST as input tax. Because the treatment depends on the registration status of both parties, professional tax advice is worthwhile — the stamp duty and GST page covers the principle.
If you sell within three years, Seller's Stamp Duty (SSD) applies — but industrial property has its own schedule (15%, 10% and 5% within one, two and three years respectively), separate from the residential rules. After three years, industrial SSD falls away. Buyers planning a medium-to-long hold, as many industrial owner-occupiers do, are typically well clear of it.
One more practical difference: CPF savings generally cannot be used for industrial property, so financing is via cash and bank loan. On the other side, freehold tenure tends to support cleaner financing than a short-lease industrial unit. The industrial loan information page explains the LTV and tenure considerations. To discuss your own numbers for Space Nova, register your interest or contact the team.
Freehold industrial like Space Nova rarely comes to market. Register now to receive the brochure, indicative price guide and balance units ahead of public release.