Property Cooling Measures


  • Reinstatement of the Confirmed List for the 1st Half 2010 Government Land Sales (GLS) Programme

  • Removal of the Interest Absorption Scheme (IAS) and Interest-Only Housing Loans (IOL), with effect from today, i.e. 14 Sep 2009.

  • Non-extension of the Jan 2009 Budget assistance measures for the property market when the measures expire.



  • Introduction of Seller’s Stamp Duty (SSD) on sale of private residential properties including residential lands within 1 year of purchase.

  • Reduction in Loan-to-Value (LTV) limit to 80% for all housing loans provided by financial institutions regulated by the Monetary Authority of Singapore (MAS)




  • Increase in Seller’s Stamp Duty (SSD) holding period to 3 years, at rates of 3%, 2%and 1%.

  • For buyers with one or more outstanding housing loans at time of the new housing purchase:

1) Increase in minimum cash payment from 5% to 10% of the valuation limit

2) Reduction of Loan-to-Value (LTV) limit to 70% for housing loans granted by financial institutions regulated by MAS.


  • Allow households earning between $8,000 and $10,000, to buy new DBSS flats with a $30,000 CPF Housing Grant.

  • Increase the supply of new flats, Design, Build and Sell Scheme (DBSS) flats, and Executive Condominiums (EC).

  • Shorten the completion time of Build-To-Order (BTO) flats, from 3 years to 2.5 years.

  • Increase in Minimum Occupation Period (MOP) of non-subsidised flats from 3 years to 5 years for resale and subletting

  • Disallow concurrent ownership of both HDB flats and private residential properties within the Minimum Occupation Period (MOP).




  • Increase in the Seller’s Stamp Duty (SSD) holding period from 3 to 4 years.

  • Increase in SSD rates to 16%, 12%, 8% and 4% on the selling price of private residential properties if property is sold in the 1st, 2nd, 3rd and 4th year of purchase respectively
  • Reduction in the Loan-To-Value (LTV) limit to 50% on housing loans granted by financial institutions regulated by MAS, from non-individual purchasers

  • Reduction in the Loan-To-Value (LTV) limit to 60% on housing loans granted by financial institutions regulated by MAS, from individuals with outstanding housing loans, at the time of the new housing purchase.



  • Introduction of Additional Buyer's Stamp Duty (ABSD), above the current Buyer's Stamp Duty on selected categories of residential property purchases:

          i) 10% ABSD - foreigners and non-individuals (corporate entities) 

          ii) 3% ABSD - permanent residents (PRs) owning one and buying the
              2nd and subsequent

          iii) 3% ABSD - Singapore Citizens owning 2 and buying the 3rd and subsequent


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Janet Fong
*SNR Associate Director, CEA BOUQUET JAN/FEB 2016
CEA Licence No.:
L3009250K / R019968D
+(65) 9642 0875