Showing posts with label cooling. Show all posts
Showing posts with label cooling. Show all posts

Thursday, 29 August 2013

Singapore Cooling Measures 14 September 2009

Singapore Cooling Measures 14 September 2009


  1. Interest absorption scheme (IAS) removed
  2. Government Land Sale programme reinstated.

Singapore Cooling Measures 19 February 2010


Singapore Cooling Measures 19 February 2010


  1. Max Loan-to-Value (LTV) Limit reduced from 90% to 80%.
  2. Seller's Stamp duty (SSD) levied on sale of private residential property within 1 year of purchase.

Singapore Cooling Measures 30 August 2010

Singapore Cooling Measures 30 August 2010


  1. SSD holding period increased to 3 yrs with rates charged on a sliding scale of 3%,2% & 1%.
  2. For buyers with o/s HL, min cash down-payment increased from 5% to 10% of valuation limit & LTV decreased from 80% to 70%.
  3. Min. Occupation period of non-subsidised HDB flats increased from 3 years to 5 years (Resale & Subleting restriction)

Singapore Cooling Measures 14 January 2011

Singapore Cooling Measures 14 January 2011


  1. SSD holding period increase to 4 years & rates chargeable changed to 16%,12%,8% & 4%.
  2. LTV 60% for 2nd HL
  3. LTV 50% for companies. 

Singapore Cooling Measures 8 December 2011

Singapore Cooling Measures 8 December 2011


  • Additional Buyer's Stamp duty (ABSD) 

-10% Foreigners
-3% for PR's 2nd Property
-3% for Singaporeans

  • 3rd Property above existing duty:

-1% on the 1st $180K
-2% on the next $180K
-3% on the remainder

Singapore Cooling Measures 6 October 2012


Singapore Cooling Measures 6 October 2012


  1. Max Tenure 35 years for purchase.
  2. LTV reduced if > 30 yrs or the sum of tenure & age > 65 yrs, i.e. LTV 60% if no HL, 40% with more than 1 HL.
  3. Refinancing tenure 35 yrs less no of years since 1st HL disbursed.
  4. LTV for companies reduced from 50% to 40% 

Singapore Cooling Measures 12 January 2013


Singapore Cooling Measures 12 January 2013


  1. ABSD: PR's 1st Property (5%) & Singaporean's 2nd property (7%). PR's 2nd Property & Singaporean's 3rd Property (10%). Foreigner & Company 15%.
  2. LTV:2nd HL at 50% (30% if tenure > 30 years or loan past age 65). 3rd HL at 40% (20% if tenure >30years or loan past age 65). For corporates, LTV reduces from 40% to 20%.
  3. Min. Cash Down Payment: Applying for 1st HL: No change , i.e. 5% and 10% if tenure > 30 years or loans extend past age 65, 2nd & subsequent HL at 25% (increase from 10%).
  4. Mortgage service Ratio for HDB Loan for purchase & refinancing;30% of borrower's gross monthly .
  5. PR HDB flat restriction:Sell flat within 6 months of private property purchase (BUC - 6months from TOP/SCS) & cannot sublet whole flat.
  6. Other:Executive Condo construction & Sale Restrictions & Seller's stamp duty on industrial properties.  

Singapore Cooling Measures 29 June 2013

Singapore Cooling Measures 29 June 2013

  1. All borrowers to be mortgagors and no guarantors.
  2. Total Debt servicing ratio (TDSR) capped at 60% for property loans for Singapore & Overseas, for residential / non-residential properties, to individuals or entities set up solely to purchase property.
  3. For joint borrowings, the income-weighted average age of borrowers to be used.


Singapore Cooling Measures 28 August 2013

Singapore Cooling Measures 28 August 2013
  1. HDB max. loan tenure shorten from 30 years to 25 years.
  2. Mortgage servicing ratio (MSR) limit reduced from 35% to 30% of the borrower's gross monthly salary.
  3. Financial Institutions to reduce max. tenure of new housing loans and re-finances from 35 years to 30 years.
  4. PR can only buy resales flats after 3 years from the date that they received PR Status.
  5. Income Ceiling of SHG raised from $2250 to $6500 a month for families and from $1125 to $3250 for singles.
  6. New step up Housing grant provides upgrader from 2 room to 3 room with $15,000.
  7. Parents will be able to apply for 3 room flat instead of studio or 2 room flat under Multi-Generation Priority Scheme(MGPS).
  8. New Three-Generation flats which consist of four bedrooms and three bathrooms, with an internal floor area of about 115 square metres (1237 sqft) will be implemented. Subletting is not allowed during MOP.

For learn more about the news, check here.