13 Mar '17, 2pm

New: Has the Long Awaited Property Easing Measures Finally Come?

It’s finally happened – or so it seems. While steadfastly claiming that the property measures are here to stay, the government has finally eased the property cooling measures. These new measures took effect from March 11. So does this mark the bottom of the property price decline? Read on to find out what I think. Seller’s Stamp Duty holding period reduction – more than meets the eye The Seller’s Stamp Duty (SSD) was payable if you sold a residential property within four years of purchase, at progressively lower rates of 16%/12%/8%/4% if you sold your property within 1/2/3/4 years of buying it. The SSD has now been revised to be levied on holding periods of three years or less, with the amount to be paid lowered to 12%/8%/4% if you sell your property within 1/2/3 years of buying it. Mr. Propwise’s thoughts: The 4-year SSD had led to a large fall in the number of property s...

Full article: https://www.propwise.sg/has-the-long-awaited-property-eas...

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