MEASURES TO ENSURE A STABLE AND SUSTAINABLE PROPERTY MARKET

February 21
Property Diary

1. The Government announced today the following measures to ensure a stable and sustainable property market:

a) Introducing a Seller’s Stamp Duty (SSD) on all residential properties and residential lands that are bought after today and sold within 1 year from the date of purchase1 ; and

b) Lowering the Loan-to-Value (LTV) limit to 80% for all housing loans provided by financial institutions regulated by the Monetary Authority of Singapore (MAS)

2. In September last year, the Government introduced a set of measures2 to temper the exuberance in the private residential market. The Government has continued to monitor the property market closely. While the September 2009 measures helped to cool the property market, there are recent signs that it is starting to heat up again

SPH Biz

on 25th Jan:
S'pore's inflation fell by 0.5% in Dec over Nov due mainly to lower housing, transport & communication costs.
For 2009, consumer price index rose 0.2% over 2008

Regulation

14-Jan-2010
Flat Owners to Register Subletting of Rooms with HDB