Property Cooling Measures

1. ABSD rates for Singaporeans and SPRs purchasing their first residential property will remain unchanged at 0% and 5% respectively; Rates for individuals buying their second and subsequent properties will be raised by 5%, while that for corporate entities will be increased by 10%; Non-remittable ABSD on residential developers 5%
2. LTV limits tightened by 5% for all housing loans granted by financial institutions

1. Seller Stamp Duty (SSD) reduced by 4% for each tier. With this change, SSD will only apply to properties sold within 3 years of purchase, down from 4 years previously
2. TDSR will not apply to mortgage equity withdrawal loans with Loan-to-Value (LTV) ratio equal to or below 50%
3. Introduced Additional Conveyance Duties (ACD) for Property Holding Equity (PHE). ACD plugs a loophole that exempted companies from paying ABSD and BSD in the past. A PHE is a company whose primary (i.e., > 50%) tangible assets are Singapore residential properties

1. Reduce EC Cancellation Fees from 20% to 5%
2. Resale Levy for Second-Timer Applicants
3. Revision of Mortgage Loan Terms
   

1. Bank Loan max HDB tenure reduced from 35 to 30 years
2. Bank Loan LTV for HDB reduced from 80% to 60% if > 25 to 30 years or loan past age 65

1. All borrowers to be mortgagors and no guarantors;
2. Total Debt Servicing Ratio (TDSR) capped at 60% for property loans for Singapore & Overseas for residential / non-residential properties to individuals or entities set up solely to purchase the property.
3. For joint borrowings, the income-weighted average age of borrowers to be used.
   

1. ABSD increased for SC, PR & Overseas Buyers
2. LTV further reduced for 2^nd or more property ownership
3. Min Cash Down Payment: 25% for 2^nd or more loans
4. MSR for HDB Loan: 30% of gross monthly income.
5. PR HDB flat ownership restrictions
6. New Executive Condominium rulings for developers
7. Industrial Properties SSD increased (3 years: 15%; 10%; 5%)

Capping all residential loans at 35 years. Loan > 30 years will attract higher LTV, applicable to both private and HDB properties.

Introducing Additional Buyer’s Stamp Duty (ABSD)

1. SSD increased (4 years: 16%; 12%; 8%; 4%)
2. LTV lowered to 50% for non-individuals
3. LTV lowered from 70% to 60% for 2^nd or more housing loans

1. SSD increased (3 years: 3%; 2%; 1%)
2. For 2^nd or more outstanding housing loans (incl. HDB Loans)
   – Minimum cash payment is increased from 5% to 20%
   – LTV is lowered from 80% to 70%

1. Introduction of Seller’s Stamp Duty (SSD) 
2. Lowering LTV to 80% for all housing loans

1. Reinstatement of the Confirmed List for 1H10 GLS
2. Removal of Interest Absorption Scheme (IAS) and Interest-Only Housing Loans (IOL)
3. Non-extension of Jan 2009 Budget assistant measures (mainly pertaining to Residential Property Act)