We previously looked at how various buyers and sellers are affected by cooling measures; but what about property types? Will landed homes, for instance, be affected more than condos? And is there a wider impact on resale than new launches? Not all property types are affected in a uniform manner – and here’s a rundown on the potential effects:
Changes since December 2021
In case you haven’t heard, the last round of cooling measures is
detailed in this article. In quick summary, the key changes are a reduction in Loan To Value (LTV) ratio for HDB loans, a decrease in Total Debt Servicing Ratio (TDSR), and an increase in Additional Buyers Stamp Duty (ABSD).
| Cooling Measure |
Old Measure |
16 December 2021 New Measure |
| Loan To Value Ratio |
90% for HDB loans 75% for bank loans |
85% for HDB loans 75% for bank loans |
| Total Debt Servicing Ratio |
60% of monthly income |
55% of monthly income |
| Additional Buyers Stamp Duty |
Singapore Citizens
None for first property
12% on second property
15% on subsequent property
Permanent Residents
5% on first property
15% on subsequent property
Foreigners
20%
Entities
25% +5% non-remissible for property developers |
Singapore Citizens
None for first property
17% on second property
25% on subsequent property
Permanent Residents
5% on first property
25% on second property
30% on subsequent property
Foreigners 30%
Entities 35% +5% non-remissible for property developers |
...
