Buying a unit at Space Nova — a freehold B1 industrial development at 21 New Industrial Road — has a clear, favourable stamp-duty picture. 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 property is charged on the commercial BSD scale. The duty is computed on the higher of the purchase price or market value, on a tiered basis:
| Purchase price / market value band | BSD rate (commercial scale) |
|---|---|
| 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% |
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. No Additional Buyer's Stamp Duty arises on a Space Nova purchase — for any buyer profile: Singaporean, foreigner, individual or company. freehold advantage for how this fits the wider investment case.
GST applies to an industrial purchase. Where the seller is a GST-registered entity, GST is chargeable on the sale at the prevailing 9% rate. For a unit under construction such as Space Nova, GST is charged on each progressive payment as it falls due, not as a single sum at completion. Whether a buyer can recover that GST cannot be determined from the outside; it turns on the purchasing entity, not merely on GST registration. The general guideline is that an operating company — GST-registered and already carrying on taxable business activities — may claim the GST as input tax as it is incurred through construction. A non-operating company — newly incorporated, or an investment-holding vehicle not yet carrying on taxable activities — would not usually begin claiming during construction; claims may instead start once the property reaches TOP and operating activities commence, whether by leasing the units out as a taxable supply or by running the business from the premises. In every case the position is subject to the rules set by IRAS, and buyers should confirm it with IRAS or a tax adviser before relying on recovery. The stamp duty calculator shows the band-by-band BSD for any price, and the industrial purchase calculator the stage-by-stage GST.
If you sell an industrial property within three years of acquisition, SSD applies on the industrial schedule:
| 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.