- 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