Buying a unit at Space Nova — a freehold B1 industrial development at 21 New Industrial Road — involves a different stamp-duty picture from residential property. This page sets out Buyer's Stamp Duty (BSD), the GST treatment and Seller's Stamp Duty (SSD) for industrial property. Figures are current standard Singapore rates and should be confirmed with IRAS before you commit.
BSD is payable by every buyer of Singapore property, regardless of nationality. Industrial and other non-residential property is charged on a separate, lower BSD scale than residential. The duty is computed on the higher of the purchase price or market value, on a tiered basis:
| Purchase price / market value band | Non-residential BSD rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 (i.e. $1,000,001–$1,500,000) | 4% |
| Amount exceeding $1,500,000 | 5% |
Non-residential (commercial/industrial) BSD scale, as revised on 15 Feb 2023 (the 4% and 5% tiers were added then). Computed on the higher of purchase price or market value. Rates subject to change — confirm with IRAS (iras.gov.sg) before commitment. BSD is payable within 14 days of signing the Sale & Purchase Agreement.
This is a key advantage of industrial property. ABSD does not apply to non-residential property such as Space Nova. Unlike residential purchases — where foreigners and multiple-property buyers face substantial ABSD — an industrial unit attracts only BSD. That makes a freehold B1 asset comparatively efficient to acquire, including for companies and certain foreign entities. See the freehold advantage for how this fits the wider investment case.
Industrial property sales differ from residential in another important way: GST may apply. Where the seller is a GST-registered entity, GST is generally chargeable on the sale of a non-residential property at the prevailing rate. A GST-registered buyer may, subject to conditions, be able to claim the GST as input tax. Because GST treatment depends on the registration status of both parties and the structure of the purchase, buyers should seek professional tax advice and confirm the position with IRAS.
If you sell an industrial property within three years of acquisition, SSD applies on its own industrial schedule (separate from the residential SSD rules):
| Holding period before disposal | Industrial SSD rate |
|---|---|
| Up to 1 year | 15% |
| More than 1 year and up to 2 years | 10% |
| More than 2 years and up to 3 years | 5% |
| More than 3 years | Nil |
Industrial SSD applies to industrial property acquired on/after 12 Jan 2013. Rates subject to change — confirm with IRAS before any sale.
For the full buying picture, see the progressive payment scheme for buildings under construction and the industrial loan information. To discuss your specific situation, 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.