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

  • 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

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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

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