ANNOUNCEMENT
In line with the announcement by the Inland Revenue Authority of Singapore, the GST is increased from 7% to 8% effective 1st January 2023.
Our storages are divided into:
Vault Storage
Private Safe Deposit Boxes and Mailboxes
1. VAULT STORAGE
Total Market Value of Assets (USD) | Gold Rate per Annum | Platinum / Palladium Rate per Annum | Silver Rate per Annum |
$1,000.00 - $999,999.99 | 0.50%* | 0.50%* | 0.70%* |
$1,000,000.00 - $4,999,999.99 | 0.45%* | 0.45%* | 0.60%* |
$5,000,000.00 and above | 0.40%* | 0.40%* | 0.55%* |
*Subject to an additional 8% GST
We do not have a maximum amount for our secured storage services, however the minimum value for bullion to be stored is USD 1,000.00.
All bullion in storage at *Le Freeport Singapore is 100% insured.
2. PRIVATE SAFE DEPOSIT BOXES AND MAILBOXES
Type | Mailbox Size | Safe Box Size | Maximum Safe Box Load | Total Annual Fee (USD) |
1 | 36 x 30 x 44 cm | 26.5 x 41.3 x 74.85 cm | 24 kg | $2,000.00* |
2 | 36 x 30 x 33 cm | 26.5 x 41.3 x 19.85 cm | 12 kg | $1,700.00* |
3 | 36 x 30 x 22 cm | 26.5 x 41.3 x 9.85 cm | 12 kg | $1,300.00* |
*Subject to an additional 8% GST
Located in the high security zone of Le Freeport Singapore
Maximum security and controlled 24/7/365 access
Stylish natural aluminum finish
Box numbers are engraved
Each box has double mechanical cylinder locks
Customer receives 2 client keys (USD 1,000.00 refundable deposit)
Optional Key "safe keeping" on demand (USD 100.00 p.a.)
Bespoke Value Add services available
Extra: Insurance coverage, annual premium rate is 0.15%
3. PARCEL RECEIVING/HANDLING & STORAGE FEES FOR PRIVATE SAFE DEPOSIT BOXES AND MAILBOXES
The following charges are calculated based on either volume weight or actual weight, whichever is greater.
A. Receiving/Handling Fee for Parcels
Tier | Maximum Safebox Load | Charges (USD) |
Tier 1 | 1 kg - 4.99 kg | $10.00* |
Tier 2 | 5 kg - 14.99 kg | $20.00* |
Tier 3 | 15 kg - 24.99 kg | $30.00* |
Tier 4 | 25 kg - 34.99 kg | $40.00* |
Tier 5 | 35 kg and more | $50.00* |
*Subject to an additional 8% GST
B. Storage Fee for Parcels
Charges are for per day basis.
Tier | Maximum Safebox Load | Charges (USD) |
Tier 1 | 1 kg - 4.99 kg | $10.00* |
Tier 2 | 5 kg - 14.99 kg | $15.00* |
Tier 3 | 15 kg - 24.99 kg | $20.00* |
Tier 4 | 25 kg - 34.99 kg | $25.00* |
Tier 5 | 35 kg and more | $30.00* |
*Subject to an additional 8% GST