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Rules on seller’s stamp duties eased among changes to property cooling measures

  • Home owners will only have to wait 3 years before selling their properties to avoid paying seller’s stamp duties (SSD).
  • With effect from Saturday (Mar 11), those who sell their properties within 3 years will also pay less in seller’s stamp duties (SSD).
  • The Total Debt Servicing Ratio (TDSR) will also be eased. Currently, property loans should not exceed a TDSR threshold of 60%.  With the easing in rules, the TDSR will no longer apply to mortgage equity withdrawal loans with LTV ratios of 50% and below.

– 10th March 2017

Read Full Article at https://www.channelnewsasia.com/news/singapore/seller-s-stamp-duties-cut-as-government-eases-some-property-cool-8760112

 

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

Read Full Article at https://www.mof.gov.sg/Newsroom/Press-Releases/Joint-Press-Release-on-Measures-Relating-to-Residential-Property

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