January 16 2013
Some highlights on the latest round of cooling measures wef 12 Jan 2013:
INDUSTRIAL
Seller Stamp Duty will be imposed in industrial properties and land bought within 3 years from the date of purchase.
- SSD at 15% if the property is sold in the 1st year of purchase.
- SSD at 10% if the property is sold in the 2nd year of purchase.
- SSD at 15% if the property is sold in the 3rd year of purchase.
ADDITIONAL BUYER STAMP DUTY
Singapore Citizens
- 1st Purchase - NA
- 2nd Purchase - 7%
- 3rd Purchase - 10%
Permanent Resident
- 1st Purchase - 5%
- 2nd Purchase - 10%
- 3rd Purchase - 10%
Foreigners & Non-Indivuals
- 1st Purchase - 15%
- 2nd Purchase - 15%
- 3rd Purchase - 15%
RESIDENTIAL
- Minimum cash down payment for individuals who are applying for 2nd loan or subsequent housing loan will be raised from 10% to 25%.
- Loan quantum for 2nd housing loan reduced to 50% or 30% if the tenure exceeds 30 years
- Loan quantum for 3rd or subsequent housing loan reduced to 40% or 20% if tenure exceeds 30 years
- PRs who own HDB flats will be disallowed from subletting their whole flat
- Max strata floor area for new EC units to be capped at 160 sqm
- Sales of new dual-key EC units will be restricted to multi-generational families only
Click here for the Full Press Release!