Anti Speculation Measures in Property Market
Here are the latest anti speculation measures in property market of Singapore. These anti speculation measures in property market were announced on 13 Jan 2011 by the government.
Anti-speculation measures in property market details are produced below.
13 January 2011
Source: URA
Measures to maintain a stable and sustainable property market
The Government announced today the following measures to maintain a stable and sustainable property market:
a) Increase the holding period for imposition of Seller’s Stamp Duty (SSD) from the current three years to four years;
b) Raise the SSD rates to 16%, 12%, 8% and 4% of consideration for residential properties which are bought on or after 14 January 2011, and are sold in the first, second, third and fourth year of purchase respectively;
c) Lower the Loan-To-Value (LTV) limit to 50% on housing loans granted by financial institutions regulated by MAS for property purchasers who are not individuals1; and
d) Lower the LTV limit on housing loans granted by financial institutions regulated by MAS from 70% to 60% for property purchasers who are individuals with one or more outstanding housing loans2 at the time of the new housing purchase.
The measures will take effect on 14 January 2011.
Read more details of anti speculation measures in property market at URA site.
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