Singapore Property Measures – Introduced on 14 January 2011
1. Increase the holding period for imposition of Seller’s Stamp Duty (SSD) from the current three years to four years;
2. Raise the SSD (seller stamp duty) rates to 16%, 12%, 8% and 4% of consideration for residential properties which are bought on or after 14 January 2011, and are sold in the first, second, third and fourth year of purchase respectively;
3. Lower the Loan-To-Value (LTV) limit to 50% on housing loans granted by financial institutions regulated by MAS for property purchasers who are not individuals1; and
4. Lower the LTV limit on housing loans granted by financial institutions regulated by MAS from 70% to 60% for property purchasers who are individuals with one or more outstanding housing loans at the time of the new housing purchase.
Read more on the subsequent cooling measures announced after 14 January 2011.
Read more on the subsequent cooling measures announced before 14th January 2011.