SUMMARY OF PROPERTY EVENTS IN SINGAPORE FROM NOV 2008 - 6 OCT 2012 : EARLIER ROUNDS OF COOLING MEASURES
QUANTITATIVE EASING [1] WEF NOV 2008
money throughout the entire 2009 up to August 2010
COOLING MEASURES [1] WEF 20 FEB 2010
Seller’s Stamp Duty Duty (SSD) imposed on
private property sold within 1 years of
acquisition.
COOLING MEASURES [2] WEF 30 AUG 2010
Seller’s Stamp Duty Duty (SSD) imposed on private
property sold within 3 years of acquisition.. Tax
rates are as follows rates follows:
- Full tax for property sold within first year;
- 2/3 tax for property sold within second year;
- 1/3 tax for property sold within third year.
- Loan-to-Value Loan lowered to 60%for
individual purchasers with two two or more
home loans; 50%% for borrowers who are
non individual.
QUANTITATIVE EASING [2] WEF NOV 2010
money from 2010 to June 2011.
COOLING MEASURES [3] WEF 14 JAN 2011
Seller’s Stamp Duty Duty (SSD) enhanced to
include properties sold within 4 years of
acquisition. Tax rates rates enhanced as follows:
- 16% on consideration or market valuation, whichever is
higher for property sold within 1st
year;
- 12% for property sold within 2nd year;
- 8% for property sold within 3rd year;
- 4% for property sold within 4th year
COOLING MEASURES [4] WEF 8 DEC 2011
Additional Buyer’s Stamp Duty (ABSD)
imposed on the following:
-10% for FOREIGNERS and non-individual purchasing a private
residential property;( EXCEPT FOR US CITIZEN EXEMPTED)
- 3% for Permanent Residents of Singapore (SPR) purchasing
second residential property; and
- 3% for Singapore
Citizens purchasing third property
COOLING MEASURES [5] WEF 6 OCT 2012
Loan-to-Value for home loans lowered to 40% for borrowers
with existing
home mortgages or home loans and wanting a longer repayment term exceeding
30 years or
extending beyond retirement age of 65 years. Maximum loan term capped at
35 years.
