Singapore, 06 Feb 2023 PROPERTY stamp duty collected in the first nine months of the government’s current fiscal year fell 15.7 per cent year on year, and is expected to finish FY2022 (ending March 2023) lower than in FY2021.
Stamp duty collections for the first three quarters of FY2022 – which covers the period from April to December 2022 – stands at S$4.43 billion.
Christine Sun, OrangeTee & Tie’s senior vice-president (research and analytics), noted that more transactions are expected in the first three months of 2023 – which is also the last quarter of FY2022.