Latest round of cooling measure
Below shows Singapore’s latest cooling measure that will take effect on 12 January 2013:
a) Loan-to-Value limits on housing loans granted by financial institutions. Besides tighter Loan-to-Value limits, the minimum cash down payment for individuals applying for a second or subsequent housing loan will also be raised from 10% to 25%.
b) Additional Buyer’s Stamp Duty (ABSD) rates will be:
As an illustration, look below to see how it affects a typical buyer:
*Sources: Straits Times, Singapore