15/12/2021
JUST IN 📣
New MND property measures with effect from 16 Dec 2021.
The private residential and HDB resale markets have been buoyant, despite the economic impact of COVID-19. The Government just announced a package of cooling measures:
a. Tighten Total Debt Servicing Ratio (TDSR) threshold from 60% to 55%;
b. Increase Additional Buyer's Stamp Duty (ABSD) rates across the board, except for Singapore Citizens and Singapore Permanent Residents buying their first residential property; and
c. Tighten the LTV limit for loans from HDB from 90% to 85%.
https://www.mnd.gov.sg/newsroom/press-releases/view/measures-to-cool-the-property-market
