Latest Measures FAQs
1) From 16 Dec, what do I need to take note?
- New cooling measures will apply, as follow:
- Additional Buyer’s Stamp Duty (ABSD) rates will be adjusted (refer to table)
- Total Debt Servicing Ratio (TDSR) will be lowered to 55% (previous 60%)
iii. HDB loan – max. loan granted capped at 85% (previous 90%)
2) What about OTP before 16 Dec? (to be clear, 15 Dec).
- To exercise by 5 January 2022, or expiry of Option, whichever is earlier.
Parties affected
3) Who are the parties affected by the latest cooling measures from 16 Dec?
- Singapore Citizen (SC) & Singapore PR (SPR) Buyers purchasing 2nd or more properties
- Foreign buyers
- Entities, e.g. ABC Pte Ltd buying a condominium
4) Does it affect first-time homeowners?
- No. The new measures do not affect SC and SPR first time home buyers, with
ABSD unchanged at 0% & 5% respectively.
5) How does it affect developers?
- Developers bidding for the land will have to pay an ABSD of 5% (nonremissible)
and 35% (if units remain unsold in 5 years).
Loans – HDB & Bank
6) How about HDB buyers? Any impact?
- Max. HDB loan is 85%, e.g. HLE application, will be adjusted to a cap of 85%
- Max. Bank loan is 75% – subject to MSR 30% and TDSR 55%
7) How about Executive Condominium buyers?
- Max. Bank loan is 75% – subject to MSR 30% and TDSR 55%
Active Market Segments
8) Which market segments will continue to be active?
- First-time home buyers
- HDB upgraders, recent MOP owners.
- Executive Condominiums
- Rental market
- Non-residential
