Every purchase at Draycott 8 is stamped with Buyer’s Stamp Duty; some buyers also pay Additional Buyer’s Stamp Duty, and Seller’s Stamp Duty arises only on a resale inside four years. The rates below were read from IRAS on 8 November 2026.
Buyer’s Stamp Duty on a Draycott 8 Residence
IRAS charges Buyer’s Stamp Duty on residential property in slices of the price, each slice at its own rate, and the slices are then added up. The rates have applied to residential purchases since 15 February 2023.
| Slice of the purchase price | Rate |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Above $3,000,000 | 6% |
Source: Read on the IRAS website, 8 November 2026; IRAS confirms the duty on each purchase.
An Illustration of the Draycott 8 Duty Slices
To show how the slices add up, take a round figure of $2,000,000. It is an illustration only and is unrelated to the price of any residence at Draycott 8. At that figure the price reaches the fifth slice, and Buyer’s Stamp Duty totals $69,600.
| Slice | Duty |
|---|---|
| $180,000 at 1% | $1,800 |
| $180,000 at 2% | $3,600 |
| $640,000 at 3% | $19,200 |
| $500,000 at 4% | $20,000 |
| $500,000 at 5% | $25,000 |
| BSD on $2,000,000 | $69,600 |
Source: Read on the IRAS website, 8 November 2026; IRAS confirms the duty on each purchase.
The same slices are built into the stamp duty calculator, which also adds ABSD once you pick a buyer profile. Pair it with the current price list from the Sales Concierge for an exact figure on a chosen residence.
ABSD, by contrast, is a flat percentage of the full price. Applied to that $2,000,000 illustration, it would come to $400,000 for a Singapore Citizen’s second residential property and $100,000 for a Permanent Resident’s first.
Within 14 days.
Stamp duty is paid to IRAS within 14 days of signing, early in the timetable of a completed purchase.
Additional Buyer’s Stamp Duty for Draycott 8 Buyers
ABSD comes in addition to Buyer’s Stamp Duty. An individual’s rate turns on citizenship or residency and on the count of homes already held, while foreigners and entities each have one flat rate. The table covers purchases from 27 April 2023.
| Buyer profile | First property | Second property | Third and after |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| Singapore Permanent Resident | 5% | 30% | 35% |
| Foreigner | 60% | 60% | 60% |
| Entity | 65% | 65% | 65% |
Source: Read on the IRAS website, 8 November 2026; IRAS confirms the duty on each purchase.
Remission is available in defined cases, among them joint purchases by spouses of whom one is a Singapore Citizen and who own no other home, and buyers covered by certain free trade agreements. Couples upgrading may recover ABSD paid on the new home if the old one is sold inside the IRAS deadline. IRAS decides each claim on its own conditions.
Seller’s Stamp Duty and Draycott 8
Resell a home inside four years and Seller’s Stamp Duty is charged on the sale. For homes bought from 4 July 2025 onwards, it is levied as follows:
| Held for | SSD rate |
|---|---|
| Up to 1 year | 16% |
| More than 1 year and up to 2 years | 12% |
| More than 2 years and up to 3 years | 8% |
| More than 3 years and up to 4 years | 4% |
| More than 4 years | None |
Source: Read on the IRAS website, 8 November 2026; IRAS confirms the duty on each purchase.
Buyer’s Stamp Duty and ABSD are payable within 14 days of signing, so they sit near the start of the budget beside the option fee. The TDSR calculator page sets out the completed-sale timetable from the option to the keys.
Enquire About Draycott 8
Draycott 8 is open for sale, with four-bedroom residences ready for their next owners. Tell the Sales Concierge which residences interest you and a viewing time that suits.
Sent with every reply
- The current price list and the residences open for selection.
- The floor plans of the Tower Simplex, the Garden Simplex and the Penthouse.
- Times for a private viewing, plus the virtual tours to look through first.
- Your stamp duty, worked out for your buyer profile, and a loan figure from the TDSR calculator.
Arrange a Viewing Appointment
The Sales Concierge replies personally to every enquiry, usually the same day.
Telephone and WhatsApp: +65 6200 6220, answered by the Sales Concierge.
Each reply carries the current price list, the plans of the residences you mention and the viewing times on offer at Draycott Park.