- 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