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
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

30 One-Sentence Stories From People Who Have Built Better Habits
None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.
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.

Exclusives

How Experts Figure What to Focus On
eliminate the distractions. Commit to one thing and become great at that thing.”
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.

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