Singapore’s latest round of cooling measure

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%.

Singapores latest round of cooling measure

 

b) Additional Buyer’s Stamp Duty (ABSD) rates will be:

Singapores latest round of cooling measure

 

As an illustration, look below to see how it affects a typical buyer:

Singapores latest round of cooling measure

 

*Sources: Straits Times, Singapore

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