New cooling measures- Singapore Property Market

On or after 6 July 2018, the additional buyer’s stamp duty for purchasing of second or more residential properties in Singapore has been raised by an additional 5 per cent point for individuals and 10 per cent points for entities. While that of individuals who purchased their first residential property will remain unchanged.

An additional ABSD of 5 per cent that is non-remittable under the Remission Rules (payable on the purchase price or market value, whichever is applicable) will also be introduced for developers buying residential properties for housing development.

Loan-to-value limits will also be tightened by 5 per cent points for all housing loans granted by financial institutions.

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