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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

  1.  Minimum cash down payment for individuals who are applying for 2nd loan or subsequent housing loan will be raised from 10% to 25%.
  2. Loan quantum for 2nd housing loan reduced to 50% or 30% if the tenure exceeds 30 years
  3. Loan quantum for 3rd or subsequent housing loan reduced to 40% or 20% if tenure exceeds 30 years
  4. PRs who own HDB flats will be disallowed from subletting their whole flat
  5. Max strata floor area for new EC units to be capped at 160 sqm
  6. Sales of new dual-key EC units will be restricted to multi-generational families only

Click here for the Full Press Release!