Aug 23, 2024
HDB New Cooling Measures August 2024 |
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HDB New Cooling Measures August 2024 |
New property cooling measures introduced. Is it the end of the property boom?
New property cooling measures introduced. Is it the end of the property boom?
Buyers at Riverfront Residences showflat last night
A lot of Singaporeans were having sleepless night yesterday. They were either too worried about the new cooling measures that were announced in the evening, or they were rushing down to the showflats of Riverfront Residences, Stirling Residences and Park Colonnial. To help buyers avoid the higher ABSD rates and tightening LTV ratio, the 3…
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Is it time to curb our enthusiasm for Singapore property?
It is always good to hear different opinions and views from other people. It makes us think and challenge our own believes and views.
The article written by Andy Mukherjeeoffers a different perspective on the Singapore residential property market. There are a few concerns raised by Andy regarding the current exuberance in the property market. Those are valid points, but perhaps we can try…
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Borrowing money against property easier now for retirees
Borrowing money against property easier now for retirees
The Government is relaxing loan limit rules for anyone wanting to borrow money using their residential property as collateral.
It is tweaking the total debt servicing ratio (TDSR) framework which stipulates that all of a borrower’s debt repayments – including mortgage, credit cards and car loans – should not top 60 per cent of monthly income.
The move is set to help retirees, along with others…
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Some property curbs eased: But what do TDSR, LTV, SSD and ABSD mean?
Some property curbs eased: But what do TDSR, LTV, SSD and ABSD mean?
SINGAPORE – The Government announced tweaks to property cooling measures on Friday (March 10).
With effect from Saturday (March 11), changes to the Seller’s Stamp Duty (SSD) and Total Debt Servicing Ratio (TDSR) framework will take effect, but current rules on Additional Buyer’s Stamp Duty and the general loan-to-value (LTV) limits will stay the same.
Not sure what all this means? Read our quick…
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Govt eases some property cooling measures, cutting seller's stamp duty and slightly relaxing TDSR rules
Govt eases some property cooling measures, cutting seller’s stamp duty and slightly relaxing TDSR rules
SINGAPORE – The Government has relaxed some residential property measures relating to the seller’s 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 buyer’s stamp duty (ABSD) as well as loan-to-valuation (LTV) limits.
Instead, the Government is making “calibrated adjustments” to the…
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MOF press release on measures with residential property
MOF press release on measures with residential property
Ministry of Finance (MOF) has issued a joint press release with MND and MAS with regard to property measures.
1. Additional Buyer’s Stamp Duties (ABSD) and Loan to Value (LTV) Limits
The Government is therefore retaining the current ABSD rates and LTV limits.
2. Seller’s Stamp Duties (SSD) The SSD is currently payable by those who sell a residential property within 4 years of purchase, at rates…
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Property curbs to stay for some time: Lawrence Wong
Property curbs to stay for some time: Lawrence Wong
Property curbs on homes are likely to stay for some time as demand in the market remains “very resilient”, National Development Minister Lawrence Wong has said.
This has put paid to any hopes for the cooling measures to be rolled back any time soon, amid expectations that this year’s Budget would have offered some reprieve to developers here.
Mr Wong, who is also Second Finance Minister, said in…
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