SG Bank Loan

The deposit is not the cash you need.

Work out 80% of the price, call the rest your deposit, and you have missed a bill that arrives on completion. Stamp duty on commercial and industrial property is a separate cash cost, and on a seven-figure purchase it runs to tens of thousands.


A S$2,000,000 property at 80%, deposit aloneS$400,000

Cash actually neededS$469,600

The difference is S$69,600 of duty, which is 17.40% on top of the deposit you budgeted for.

Work out your own


Most a bank would lend at that LTV

Deposit

Buyer's stamp duty

Total cash on completion

How the duty is actually charged

Band by band, not as one percentage of the price. Each rate applies only to the slice of value inside its band, so quoting the top rate against the whole purchase overstates the bill considerably.

Buyer's stamp duty bands for non-residential property
Slice of the priceRate
S$180,0001%
S$180,0002%
S$640,0003%
S$500,0004%
Everything above that5%

Non-residential property tops out at 5%. Residential carries a further band above that, so do not reuse a residential figure here.

What this does not tell you

The 80% above is what one bank publishes, not an entitlement. What you are actually offered depends on the property, the business behind it and the bank's own view, and a valuation can come in under the price you agreed, which raises the cash you need again. Treat this as the floor of what to budget, not the answer.