Cooling Measure 5
December 2011: Additional Buyer's Stamp Duty of 10% for foreigners; 3% for PRs purchasing 2nd and subsequent residential property and 3% for Singaporeans purchasing 3rd and subsequent residential property.
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With additional buyer stamp duty of 10% for foreign buyers, could it be the start of the property crash?
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Cooling Measure 4
January 2011: Loan to Valuation limit reduced to 60%. Seller's stamp duty rates and period raised dramatically to 16% if you sell it within the first year of purchase, 12% within 2 years, 8% within 3 years and 4% within 4 years.
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With loan limit reduced to 60% and seller's stamp duty raised to 16/12/8/4%, could it be the start of the property crash?
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Cooling Measure 3
August 2010: Increase in the holding period for the imposition of seller's stamp duty from the current one year to three years. Property buyers who have more than one outstanding loan can only take a 70% loan on their new purchase.
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With increase in holding period and loan limits reduced to 70%, could it be the start of the property crash?
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Cooling Measure 2
February 2010: Seller's stamp duty introduced and loan limits reduced to 80%.
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With introduction of seller's stamp duty and loan limits reduced to 80%, could it be the start of the property crash?
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Cooling Measure 1
September 2009: Govt restarting the confirmed list for the government land sales, not extending the Jan 2009 budget assistance measures for the property market and removing the Interest Absorption Scheme.
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With the restarting of the confirmed list and removal of interest absorption scheme, could it be the start of the property crash?
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