1. ABSD (Additional Buyer’s Stamp Duty) :- a. Singaporeans – 7% of 2nd property; 10% on 3rd & subsequent property b. PRs – 5% on 1st property; 10% on 2nd property, 3rd & subsequent property c. Foreigners – 15% for all properties
2. Min down-payment in cash for individuals who are applying for a second or subsequent housing loans will also be raised from 10% to 25%.
3. Loan quantum for second housing loan reduced to 50% (or 30% if loan tenure exceeds 30 years).
4. Loan quantum for third or subsequent housing loans will be reduced to 40% (or 20% if loan tenure exceeds 30 years).
5. PRs who own HDB flats will be disallowed from subletting their whole house.
6. PRs who purchase a Private Residential Property in Singapore now have to sell off their HDB property (if they own one) within 6 months of the purchase.
7. Max strata floor area for new EC units to be capped to 160 sqm.
8. Sales of new dual key EC units will be restricted to multi-generational families only.
8. New Sellers’ Stamp Duty (SSD) for Industrial property of between 5% & 15%, depending on when it is sold. – Sold within 1 yr : 15% – Sold within 2 yr : 10% – Sold within 3 yr : 5%
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