For the acquistion of the subject property, the applicable BSD rates would depend on the zoning of the land. Since the land is zoned “Residential”, BSD rates for residential property applies.

As Stamp Duty is payable within 14 days from the date of purchase, you will need to:

1. Pay Buyer's Stamp Duty (BSD) in cash first.

2. Subsequently obtain reimbursement from your CPF account.

Drawing upon CPF savings to pay Stamp Duty is under CPF's purview. For further clarification, please contact CPF Board.

Singapore Citizens are required to pay BSD as it is payable on all acquisitions of immovable properties in Singapore, regardless of the buyer's nationality or number of properties owned.

BSD rates for the residential and non-residential components would be applied respectively based on the value attributable for each component.

For a land zoned “Commercial & Residential”, 60% Gross Floor Area (GFA) of the land is deemed attributable for residential purpose and the remainder for non-residential purpose.

You may get a professional valuer to value the part of the property attributable to residential and non-residential purposes.