Key Insight

Analysis of stamp duty assessed in Singapore from 2011 to 2023 reveals fluctuating trends across different duty types. Buyer's Stamp Duty consistently accounts for the largest portion of total stamp duty assessed, with significant increases observed in 2017 and 2021, possibly reflecting periods of higher property market activity. Conversely, the amount of stamp duty assessed under the Seller's Stamp Duty category remained relatively stable throughout the analyzed period. The Additional Buyer's Stamp Duty showed substantial increases from 2011 to 2017, then decreased slightly before another rise in 2021. This suggests a dynamic relationship between government policies, market conditions, and revenue generation from stamp duties. Overall, the data indicates a generally increasing trend in total stamp duty assessed, which may reflect increased property transactions and prices over the years.

Small Interesting Points of Note

The year 2021 shows a particularly high amount of stamp duty assessed in all categories, indicating potentially heightened property market activity or policy changes. A comparative analysis with other economic indicators would provide further context.

Methodology

• Data cleaning involved converting numerical data from string format to numeric.
• Aggregated data by year and calculated total stamp duty assessed for each year.
• Calculated yearly minimum, maximum, and average values for each duty type.
• Visualized data trends using line charts to identify patterns and fluctuations.
• Analysed the relative proportions of each duty type within each year's total stamp duty assessed.

Footnotes

¹Some headers contained superscript numbers which were removed for ease of processing. Only the year was retained from header values such as '20112'.