12 Mar '17, 6am

Govt eases some property cooling measures

Govt eases some property cooling measures

The Government has relaxed some residential property measures relating to the sellers' stamp duty (SSD) as well as the total debt servicing ratio framework (TDSR). The new rules take effect from March 11. However there is no change to the additional buyers' stamp duty (ABSD) as well as loan-to-valuation (LTV) limits. Instead, the Government is making "calibrated adjustments" to the SSD and TDSR framework, the ministries of national development and finance and the Monetary Authority of Singapore (MAS) said in a joint statement on Friday (March 10). The SSD is currently payable by those who sell a residential property within 4 years of purchase, at rates of between 4 per cent and 16 per cent of the property's value - The changes will see the SSD holding period cut to three years, down from four. - The SSD rates will also be lowered by four percentage points for each tier. - ...

Full article: https://www.srx.com.sg/singapore-property-news/33742/govt...

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