On 04 Mar 2026, the Stamp Duty (Amendment) Bill 2026 will be gazetted on 06 Mar 2026 to increase the stamp duty rate for residential properties above $100 million from 4.25% to 6.5%, expected to increase government revenue by $1 billion annually. The Bill will be introduced in the Legislative Council on 18 Mar 2026 and, if passed, will take effect from 26 Feb 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On 04 Mar 2026, the Stamp Duty (Amendment) Bill 2026 will be gazetted on 06 Mar 2026 to implement the Budget proposal of increasing the stamp duty rate for residential property transactions valued above $100 million from 4.25 per cent to 6.5 per cent. The Bill will be introduced into the Legislative Council on 18 Mar 2026 and will commence debate during the second reading.
The proposed amendment is expected to generate an additional $1 billion annually, aligning with the government's principle of 'affordable users pay.' It is estimated to affect only 0.3 per cent of residential property transactions, with the legislation taking effect retrospectively from 26 Feb 2026.
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