13 Jan '11, 10am

The S'pore Govt has announced more property cooling measures to 'maintain a stable and sustainable property market'

The Government announced the fourth round of property cooling measures to 'maintain a stable and sustainable property market'. -- ST PHOTO: NG SOR LUAN THE Government announced on Thursday the fourth round of property cooling measures to 'maintain a stable and sustainable property market'. They include: 1) Increasing the holding period for imposition of Seller's Stamp Duty (SSD) from the current three years to four years; 2) Raising the SSD rates to 16 per cent, 12 per cent, 8 per cent and 4 per cent of consideration for residential properties which are bought on or after Friday, and are sold in the first, second, third and fourth year of purchase respectively; 3) Lower the Loan-To-Value (LTV) limit to 50 per cent on housing loans granted by financial institutions regulated by MAS for property purchasers who are not individuals 4) Lower the LTV limit on housing loans grant...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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