Buying a unit at CT FoodNEX attracts Buyer’s Stamp Duty on the non-residential scale, assessed on the price before GST. Enter a price below — the default is the current entry price of about $2.60M — and the calculator shows the duty, the band-by-band working behind it, and the GST that sits alongside it. Current availability and indicative pricing are on the balance units and pricing page.
For the full purchase picture — the eight-week timeline, the progressive payment stages, the cash needed upfront and the monthly repayment — use the industrial purchase calculator, which computes this same duty internally. Indicative only: confirm with IRAS before commitment.
Figures update as you type.
Duty is assessed on the purchase price or the market value, whichever is higher. Enter the price stated in the option or the Sale & Purchase agreement.
Non-residential scale, on the price before GST.
The scale is marginal — each rate applies only to the slice of the price that falls inside its band, not to the whole price.
| Band | Rate | Amount in band | Duty from band |
|---|
Charged by the developer at 9% and payable in cash alongside each instalment.
Industrial and commercial property is assessed on a five-band scale: 1% on the first $180,000, 2% on the next $180,000, 3% on the next $640,000, 4% on the next $500,000, and 5% on everything above $1,500,000. The scale is marginal, so the top rate never applies to the whole price — a unit at the current CT FoodNEX entry price of about $2,600,000 carries duty of $99,600, which is an effective rate of roughly 3.8% rather than the 5% headline. Duty is rounded down to the nearest dollar, subject to a minimum of $1, and it is payable to IRAS within 14 days of exercising the Sale & Purchase agreement. Verified against IRAS; confirm before commitment.
ABSD is a residential measure. It is not levied on industrial property, so the duty above is the whole of the acquisition duty regardless of how many properties you already own, whether you buy as an individual or through a company, and whether the buyer is Singaporean, a permanent resident, a foreigner or a foreign entity. That openness is one of the structural attractions of industrial space at CT FoodNEX: a company or an overseas buyer pays exactly the same acquisition duty as a local individual.
Industrial property does carry Seller’s Stamp Duty, and this is where industrial and commercial part company — commercial space carries none at all. For industrial property acquired on or after 12 January 2013, SSD applies at 15% if the unit is sold within one year, 10% within two years and 5% within three years, computed on the higher of the selling price or the market value. After three years no SSD is payable. It applies regardless of the actual use made of the unit or the profile of the buyer. For a freehold production base bought to occupy and hold — which is what CT FoodNEX is built for — a three-year window is comfortably inside the ordinary holding period, but it is worth knowing before you commit. Verified against IRAS.
The developer is GST-registered, so GST at 9% is charged on the price. On a unit under construction it accrues instalment by instalment as each stage falls due, not in one payment at the end, and it is payable in cash — banks do not finance it. Whether you can recover it turns on the buying entity rather than merely on holding a registration. The general guideline is that an operating company already carrying on taxable business activities may claim the GST as input tax as it is incurred; a non-operating company, newly incorporated or holding the unit as an investment without yet carrying on taxable activities, would not usually begin claiming during construction, and claims may instead start once the property reaches TOP and operating activities commence. These are guidelines, not determinations, and both are subject to the rules set by IRAS.
The figure above is acquisition duty only. It excludes legal and conveyancing fees, valuation, bank charges and mortgage duty, and it excludes lease duty on any subsequent letting of the unit. Note also that IRAS assesses duty on the higher of the price or the market value, so a price below market does not reduce the duty. For the full cash picture, including the eight-week schedule and the construction instalments, use the industrial purchase calculator.
At the current entry price of about $2,600,000 the Buyer’s Stamp Duty is $99,600, an effective rate of roughly 3.8%. The calculator above gives the figure for any price, with the band-by-band working. Confirm with IRAS before commitment.
No. Additional Buyer’s Stamp Duty is a residential measure and is not levied on industrial property, so an individual, a Singapore-incorporated company, a permanent resident, a foreigner and a foreign entity all pay the same Buyer’s Stamp Duty on the same price.
Only within the first three years. Industrial property acquired on or after 12 January 2013 attracts Seller’s Stamp Duty of 15% within one year, 10% within two years and 5% within three years, on the higher of the selling price or the market value. After three years none is payable.