Singapore, 17 May 2022 A RED-HOT property market fueled a 73.6 percent increase in stamp duties collected in Singapore's fiscal year ending March 2022, despite a year-over-year decline in the first three months of 2022.
Stamp duty receipts for FY21, which ran from April 2021 to March 2022, was S$6.76 billion, up from S$3.9 billion in FY20. Based on data from the Accountant-General's Department, which is available online at the Singapore Department of Statistics, it is also 61.1 percent greater than the S$4.2 billion in FY19, prior to the commencement of the epidemic.