Loan to Value (LTV)

Sales momentum to turn cold; en-bloc activity to wane as developers rethink strategies

SINGAPORE (July 6): After warning of “market exuberance” in the property market for the past six months, the Singapore government has finally raised Additional Buyer’s Stamp Duty (ABSD) rates by 5 ppts and tightened Loan-to-Value (LTV) limits by 5 ppts.

In terms of demand, sales momentum is expected to turn cold. According to a Friday report by DBS Group Research, the combined impact of these measures raises the cost of ownership on an assumed $1.5 million property purchase by $75,000 for first-time buyer and $150,000 for investor.

More bark than bite but easing of measures a major sentiment booster

SINGAPORE (March 14): The Singapore Government surprised the market with a modest easing of the existing property market measures.

This involved calibrated adjustments to the Seller's Stamp Duty (SSD) and Total Debt Servicing Ratio (TDSR) framework.

The core elements of the property market measures aimed at financial prudence like Additional Buyer Stamp Duties (ABSD) and Loan to Value (LTV) limits, however, remained unchanged.

Govt relaxes SSD, TDSR rules for residential properties; introduces new stamp duty for property-holding entities

SINGAPORE (March 10): Even as Singapore’s property cooling measures look set to remain, the government on Friday announced a reduction of Seller’s Stamp Duties (SSD) and changes to the Total Debt Servicing Ratio (TDSR).

In addition, Second Minister for Finance Lawrence Wong in parliament on Friday introduced a new stamp duty levied on the purchase and sale of residential property in property-holding entities (PHEs).

The changes will kick in from March 11.

Be informed of the stories that matter