Published June 28, 2026 · June 28, 2026 update
Acquiring a B1 industrial unit like one at Space Nova comes with a clean, favourable cost structure: one duty on the way in, a time-based duty only if you sell early, and GST that a GST-registered business can typically recover. Here is the full picture, with worked figures. (Standard Singapore rates — confirm with IRAS before committing.)
BSD on an industrial purchase is charged on the commercial scale, computed on the higher of price or market value, before GST: 1% on the first $180,000, 2% on the next $180,000, 3% on the next $640,000, 4% on the next $500,000 and 5% on everything above $1,500,000. On a $2,400,000 unit that works out to $89,600 — an effective rate of about 3.7%. The Space Nova stamp duty calculator shows the band-by-band build-up for any price.
No ABSD arises on an industrial purchase, whatever the buyer profile: Singaporean, PR, foreigner, individual or company all pay the same BSD and nothing more on entry. This is one of the structural reasons industrial strata units attract corporate and foreign capital — the entry cost is flat and predictable.
Industrial property carries SSD only if you sell within three years of purchase: 15% within the first year, 10% in the second, 5% in the third, and nil from the day the third anniversary passes. It is computed on the higher of the selling price or market value and payable within 14 days of the sale. For an owner-occupier or a hold-for-yield investor the clock rarely matters; for anyone planning an early exit it is the single most important date in the deal. Full details on the Space Nova stamp duty & GST page.
Because a developer selling new industrial units is GST-registered, 9% GST applies to the purchase price — and on a building under construction it is charged on each progressive instalment as it falls due, alongside the Sale of Commercial Properties Act schedule. A GST-registered operating company can generally claim that GST back as input tax as it is incurred; a company not yet carrying on taxable activities would usually begin claiming only once the property reaches TOP and operations commence. The position is always subject to the rules set by IRAS. The Space Nova purchase calculator shows the GST on every instalment beside the amount itself.
Take a $2,400,000 Space Nova unit: BSD of $89,600 on exercise, GST of $216,000 spread across the instalments (recoverable for a GST-registered operating company), no ABSD at any point, and no SSD provided the unit is held past its third anniversary. Set against the indicative price list and the freehold tenure, the duty structure is one of the quietly compelling parts of the industrial case.
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.