- The changes will see the SSD holding period cut to 3 years, down from 4
- The new SSD rates will range from 4% (for properties sold in the third year) to 12% (for those sold within the first year)
- The rates apply to all homes bought on and after March 11.
- The 60% Total Debt Servicing Ratio (TDSR) threshold will no longer apply to mortgage equity withdrawal loans with loan-to-value ratios of 50% and below.
– 10th March 2017
Joint Press Release on Measures Relating to Residential Property:
Existing and new Seller’s Stamp Duty (SSD) rates for residential properties
|SSD Rates on the actual price or market value based on date of purchase or date of change of zoning/use|
|14 Jan 2011 to 10 March 2017 (both dates inclusive)||On and after 11 March 2017|
|Holding Period||Up to 1 year||16%||12%|
|More than 1 year and up to 2 years||12%||8%|
|More than 2 years and up to 3 years||8%||4%|
|More than 3 years and up to 4 years||4%||No SSD payable|
|More than 4 years||No SSD payable|
*Source from MOF