Gourmet Xchange Stamp Duty & GST

Buying a unit at Gourmet Xchange involves Buyer’s Stamp Duty on the commercial and industrial scale and 9% GST on the purchase price. No Additional Buyer’s Stamp Duty applies, whoever the buyer is. These are the figures as published by IRAS at October 2026.

Gourmet Xchange Buyer’s Stamp Duty (BSD)

BSD is charged on the higher of the purchase price or market value, before GST, at marginal rates. It is payable within 14 days of exercising the option or signing the Sale and Purchase Agreement, and is rounded down to the nearest dollar.

Rates in force from 15 February 2023. Sources: IRAS Buyer’s Stamp Duty, IRAS SSD for industrial property, IRAS GST rates; verified October 2026. Confirm with IRAS, MAS or your bank before commitment.

At the $2,080,000 entry price, BSD is $73,600 — an effective rate of about 3.5%. Try other prices on the Gourmet Xchange stamp duty calculator.

Additional Buyer’s Stamp Duty at Gourmet Xchange

No Additional Buyer’s Stamp Duty arises on an industrial purchase, for any buyer profile, so a company buying a Gourmet Xchange unit for its own production pays the same duty as an individual.

Seller’s Stamp Duty on a Gourmet Xchange unit

Industrial property acquired on or after 12 January 2013. Sources: IRAS Buyer’s Stamp Duty, IRAS SSD for industrial property, IRAS GST rates; verified October 2026. Confirm with IRAS, MAS or your bank before commitment.

GST on a Gourmet Xchange purchase

GST at 9% applies to the purchase price because the developer is GST-registered. On a building under construction it is charged on each instalment as it falls due under the payment scheme, so the GST bill is spread across the build alongside the progressive payments. At $2,080,000 the GST across the whole purchase is $187,200.

Whether a buyer can claim that GST back depends on the buying entity, and it cannot be decided from the outside. The general guideline is this: an operating company that is GST-registered and already carrying on taxable business may claim GST as input tax as it is incurred through construction. A non-operating company — newly incorporated, or an investment-holding vehicle without taxable activity yet — would not usually begin claiming during construction, and may start once the property reaches TOP and operating activity begins, for example by leasing the unit out or running its business from it. All of this is subject to the rules set by IRAS; a tax adviser can confirm the position for a specific entity.

Property tax at Gourmet Xchange

Industrial property is taxed at 10% of its Annual Value, which IRAS sets with reference to market rents (IRAS property tax rates). Property tax starts once the building obtains TOP.