Here's a quick guide to the already infamous property cooling measures

Including 3 reasons why these are necessary.

According to CIMB, over the weekend, the government introduced its most comprehensive and toughest set of cooling measures to-date. These are aimed at curtailing physical prices which have shown signs of re-acceleration in recent months.

The new set of measures are formulated to 1) address overexuberance in residential property investments, 2) cool foreign demand, and 3) instill greater financial prudence among buyers in the public housing segment.

Here's more from CIMB:

Cooling measures for the industrial property sector was also introduced for the first time. As a summary, the following measures will take effect from Jan 12 2013:

  • ABSD rates will rise between 5-7% pts across the board;
  • The new group of buyers affected by the ABSD will include PRs (first property) and Singapore Citizens (second property);
  • LTV limits on housing loans will be lowered by 10-20% pts;
  • Minimum cash down payments for housing loans will be raised by 15% pts;
  • MSRs for public housing loans will rise by 5% pts;
  • PRs will no longer be allowed to sublet entire flats and need to dispose their HDB flat within six months of purchasing a private property;
  • Rules of maximum strata floor area, sales of dual-key units and minimum holding period before launch of projects in the EC segment will be revised;
  • Private enclosed spaces (PES) and private roof terraces (RTs) will be treated as GFA computation; and
  • Seller’s Stamp Duty (SSD) of 5-15% imposed on sale of industrial properties.

The minimum cash downpayment required from a buyer (individual) with one or more outstanding housing loans has been raised from 10% of the valuation limit (lower of current property value or purchase price) to 25%.

The minimum cash downpayment has not been changed for individual borrowers who do not have any outstanding housing loans currently.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

SBR 5 Lorem Ipsum News 2 [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 4 Lorem Ipsum [8 May Top Stories]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
Lorem Ipsum text in year 2025
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Exclusives

Exclusive three SBR 12 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 3 Lorem Ipsum [ Exclusive 2]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 2 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Event News

Video [Event News]
Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley