City Developments plunged 3.1 per cent, or S$0.22, to S$6.85 in early trade. Other developers such as UOL fell 2.1 per cent, or S$0.15, to S$6.95, while Oxley Holdings lost 3.2 per cent to last trade at S$0.18.Meanwhile, real estate brokerage APAC Realty retreated 13.1 per cent, or S$0.10, to S$0.66.
The ABSD rates for Singapore citizens and permanent residents buying their first residential property remain at 0 per cent and 5 per cent respectively, but those purchasing their second or subsequent home will face a 5 to 15 percentage point increase in ABSD.The TDSR threshold will be tightened from 60 per cent to 55 per cent.
The authorities also pledged to increase the supply of both public and private housing to meet demand, with more details expected to be released on Thursday. “If left unchecked, prices could run ahead of economic fundamentals, and raise the risk of a destabilising correction later on. Borrowers would also be vulnerable to a possible rise in interest rates in the coming years," they added.
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Singapore announces new property cooling measures: Higher ABSD rates, tighter loan limitsSINGAPORE: The Government on Wednesday (Dec 15) announced a package of measures to cool the private residential and HDB resale markets. The measures include raising Additional Buyer’s Stamp Duty (ABSD) rates, tightening the Total Debt Servicing Ratio (TDSR) threshold and lowering the Loan-to-Va 外國人都不用貸款，外國人是通過匯款給新加坡人拿去買房子的？中國人很有錢，錢不是問題。
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Govt announces cooling measures for private, HDB properties kicking in from Dec 16SINGAPORE — The Government announced at about 11.30pm on Wednesday (Dec 15) a set of property cooling measures, which will see an increase in Additional Buyer’s Stamp Duty and a tightening of total debt servicing ratio and loan-to-value ratio. This is the joint press statement by the Ministry of Finance and the Prices will continue to go up as more people will scramble to buy, even after Dec 16 in anticipation of further tightening measures. AT A GLANCE: These are the new cooling measures for private and HDB properties from Dec 16, 2021. Find out more: Hopefully since it was announced so late there weren't any unusual increases in property transactions the last few days.
Source: TODAYonline - 🏆 1. / 99 Read more »