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.