Singapore Cooling Measures

Who are you, and how will the new cooling measures affect you? Singapore Citizen *New* ABSD will now be imposed on Singaporeans purchasing their 2nd property 5% to 7% 10% 25% 40% to 35% III STAMP DUTY Additional Buyer Stamp Duty (ABSD) of 10% will be raised by between 5% to 7% across the 3rd property onwards Minimum cash downpayment to be raised to 25% from 10% for those with For loans granted by HDB, the cap on the MSR will be lowered from 40% to 35%. an existing housing loan. Permanent Resident (PR) *New* ABSD will now be imposed on 1st time PR home owners 5% to 7% 25% Not allowed to 30% sublet whole flat. Must sell their flat within six months of STAMP DUTY MP purchasing a private residential property. Additional Buyer Stamp Duty (ABSD) of 10% will be raised by between 5% to 7% across the board. Minimum cash downpayment to be raised to 25% from 10% for those with Mortgage to servicing ration (MSR) to be capped at 30% of a borrower's gross monthly income. ( HDB Owners ) an existing housing loan. Foreigner 5% to 7% 25% STAMP DUTY THP DU TMP OUT Additional Buyer Stamp Duty (ABSD) of 10% will be raised by between 5% to 7% across the board. Minimum cash downpayment to be raised to 25% from 10% for those with an existing housing loan. Seller's Stamp Duty (Industrial) Seller Stamp Duty to be imposed on Industrial properties per following: Holding period of 1 year : 15% of price or market value, whichever is higher 15% 10% Holding period of 2 years : 10% of price or market value, whichever is higher 1 year : 2 year : 5% Holding period of 3 years : 5% of price or market value, whichever is higher 3 year : Executive Condominiums Maximum strata floor area of new units to be capped at 160 square metres Sales of new dual-key EC units will be restricted to multi-generational families Developers of future EC sale sites from the Government Land Sales programme will only be allowed to launch units for sale 15 months from the date of award of the sites or after the physical completion of foundation works, whichever is earlier Private enclosed spaces and private roof terraces will be treated as gross floor area (GFA). Sources: PropertyGuru • HDB • Ministry of National Development Infographics courtesy of PropertyGuru