Short answer
The cost of owning and living in a Singapore shophouse comes from the purchase price and stamp duties, annual property tax set by IRAS, insurance, and a maintenance and renovation budget that is typically higher than for newer homes. Exact tax rates depend on use, ownership and buyer profile, so confirm with IRAS and a lawyer.
Last reviewed November 2026. Rules and figures change; confirm with the named agency before acting.
Cost categories
| Cost | What drives it | Where to verify |
|---|---|---|
| Buyer's stamp duty (BSD) | Purchase price | IRAS |
| ABSD | Buyer residency and property use (residential vs non-residential) | IRAS |
| Property tax | Annual value and whether the unit is owner-occupied, rented or non-residential | IRAS |
| Insurance | Building age, use, construction type | Insurer |
| Maintenance | Roof, drainage, plaster, pest control, timber repair | Contractors / QP |
| Renovation | Conservation rules, structure, services upgrades | QP / URA |
Why use and zoning change the tax
Residential and non-residential use are treated differently for stamp duty and property tax. A unit approved for commercial use but occupied as a home may be a compliance issue as well as a tax issue.
See our ABSD breakdown for the commercial versus residential comparison.
Budget for upkeep
- Roof and gutter inspection and repair.
- Periodic pest control, especially termite inspection.
- Repainting and lime-plaster repair on conservation façades, which must follow conservation rules.
- Air-conditioning and services in a layout not designed for them.
Sources
General information only, not legal, planning or financial advice. Looking to buy or lease? See HDB shophouses or shophouses for rent.