Unlike residential property, B1 industrial purchases carry no Additional Buyer's Stamp Duty and are open to buyers of any nationality. That makes a freehold launch like Generations @ Tannery broadly accessible.
Additional Buyer's Stamp Duty does not apply to industrial property, regardless of how many properties a buyer already owns or their nationality. Buyers pay Buyer's Stamp Duty on the purchase price, plus GST where the seller is GST-registered — and GST-registered business buyers can typically claim that GST back as input tax.
Foreigners can purchase B1 industrial units on the same terms as Singapore citizens and permanent residents, without the restrictions and elevated ABSD that apply to residential purchases. This opens the asset class to international business owners seeking an owned Singapore presence.
Industrial purchases are funded through cash and bank financing rather than CPF. Banks typically lend up to 80% loan-to-value to qualifying buyers, subject to credit assessment. For indicative figures and the buying process, see the pricing page, or request the full pack on the e-brochure page.
This article is general information only and not financial or tax advice; confirm your position with a qualified professional. To continue exploring the development, return to the Generations @ Tannery home page.
Speak with our sales team for floor plans, balance units and the latest indicative pricing at Generations @ Tannery.